The Global Corporate Advisor – March 2015

Welcome to the March issue of The Global Corporate Advisor. While most of us are aware of the huge potential of the Chinese market, our colleague in Hong Kong provides an insight of China’s outbound investment approach and outlook as businesses and investors look for overseas opportunities. From our office in Nairobi, we have an update on merger and acquisition business and opportunities in the Sub-Saharan African region, with a focus on East Africa. The world is truly a global village with most major global economies playing key roles in shaping the investment climate in the region. Despite the recent drop in oil prices, extractive sector is poised to lead M&A activity in the region. Treatment of cash balances, in M&A transactions, is the subject of the article by our colleague in Auckland. We examine the different ways in which accountants, appraisers, investment bankers, management and lawyers tend to treat cash in a generic acquisition and the implications that this has on the process.