October 26, 2021 • 2 min read SHARE ON LinkedIn Twitter Facebook Email this page HOME NEWS, DEALS & INSIGHTS INSIGHTS Asia Access Quarterly: Q2 & Q3 2021 Round-Up & Outlook RELATED SUBJECTS Asia Access Overview The Japanese have made a physical return to international deal making, in turn driving outbound acquisition volumes in several key sectors (eg technology & software). Subsequently, Japanese deal volumes have soared three-fold during Q2 & Q3 2021, compared to the same period at the start of the year[1] This has been fuelled by the global M&A boom in 2021 - manifesting itself in Asia as an uptick of M&A activity - with a sharp rise in international acquisitions during Q2 & 3 – a trend expected to continue for the remainder of the year[2] The Chinese M&A market has seen venture capital and growth private equity firms gain momentum in the last two quarters, as tech dominated Chinese deals demonstrate strong performance[3] The Indian start-up ecosystem is firing on all cylinders with 30 new unicorns (2021)– attracting multiple investors and driving higher valuations[4] South Korean conglomerates have been gearing up for post-pandemic growth by acquiring growth potential businesses in a buy-out spree eg E-mart’s 80% stake acquisition in eBay Korea (eBay’s e-commerce business in South Korea) for USD 2.9 bn[5] Southeast Asia has witnessed an increased willingness from banks to lend, companies benefiting from the US SPACs boom, and promising GDP growth prospects[6] In focus Japan’s renewable energy ambition Our dedicated Asia Access team takes a deep dive into the investment trends impacting M&A activity in the decarbonisation, ESG and renewable energy space – all of which have become central to Japanese overseas investment activity. This activity is not just exclusive to the energy and utility sectors however, but also encompasses diverse players across non-infrastructure segments too eg Japanese equipment manufacturers and digital solution providers Asian cross-border M&A activity Exploring the key areas of activity in summer 2021 and our outlook for Q4 & beyond, across Asian cross-border M&A activity. Asia Access Quarterly: Q2 & Q3 2021 Round-Up & Outlook: Asian cross-border M&A activity In focus: Japan's renewable energy ambition A deep dive into the Japanese renewable infrastructure space - exploring the impact of a renewed ESG focus on infrastructure M&A activity and its effect on unrelated industries. Asia Access Quarterly Q2 & Q3 2021: Japan's renewable energy ambition To view sources for this publication, click here Back to News, Deals & Insights ASIA ACCESS TEAM & KEY CONTACTS IN ASIA UNITED KINGDOM Tosh Kojima UNITED KINGDOM Endong Zhai UNITED KINGDOM Shinya Nakamura UNITED KINGDOM Aya Yokouchi UNITED KINGDOM Jason Li UNITED KINGDOM Yoshi Nakamura UNITED STATES Satoshi Ishiguro UNITED STATES Naoto Osugi JAPAN Hiroo Makino JAPAN Koki Kaita CHINA Clementine Chen SINGAPORE Shao Ping Lee SOUTH KOREA Youngjin Lee THAILAND Poonlap Chantavongviriya INDIA Klaas Oskam © DC Advisory 2021 I would like to receive communications about DC Advisory products, services, events and matters of interest. Sign up QUICK LINKS About us Sector expertise Locations Transactions News, Deals & Insights Join us POPULAR LINKS Team Events Contact Capabilities グローバル・ソリューション 我们把世界带给中国 INFORMATION Legal Terms of use Privacy & cookies Modern Slavery Act Accessibility SOCIAL LinkedIn Twitter YouTube Instagram We use cookies to make our website work more efficiently, to provide you with more personalised services, and to analyse traffic on our website. For more information on how we use cookies and how to manage cookies, click here. You can change your cookie settings at any time. Accept & Close Change settings