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작성자 KMX 작성일16-04-05 06:52 조회32,841회 댓글0건

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M&A inevitable for tech sector convergence

2016-04-04 16:36

The continuing convergence of industries -- with new technologies impacting everything from production to services -- is set to accelerate dealmaking here as companies seek to seize competitive advantage, a mergers and acquisitions expert said.

“In this era of convergence when different areas of technology are merging everywhere, M&A is the only way for companies to survive,” said Lee Chang-hun, chairman of Korea M&A Exchange, an M&A matchmaking platform, in an interview with The Korea Herald at his office in Seoul on March 28.

Korea M&A Exchange chairman Lee Chang-hun

Despite the M&A boom here last year, Korea’s M&A market size is lagging behind other global economies accounting for only 1 percent of the global deal amount, Lee said. “(In terms of M&A activity) China flies. Japan runs. Korea still crawls.”

A total of 362 M&A deals worth $87.5 billion were signed in Korea last year, nearly a threefold increase in deal size from the figure in 2012, according to data by Mergermarket.

“Negative perceptions toward M&A are still high here although the transactions have positive functions like enhancing competitiveness and increasing employment,” he said.

“Timing is crucial for transactions. In the age of speed, the technology we use now can completely disappear in five years.”

On the other hand, smartphone-makers need related technologies such as mobile applications and digital camera.

A growing demand from both sellers and buyers will boost M&A activities in sectors like big data, biomedical and entertainment, he added.

“Of some 5,000 small and medium enterprises seeking M&A a year, less than 10 percent sign a deal because they fail to find the right suitor at the right time,” Lee said.

To help start-ups and small businesses to find potential counterparties swiftly, Lee established Korea M&A Exchange in 2014 and created a matchmaking site to gather data for optimal combination of industry actors.

M&A-related firms such as accountancy companies, law firms, financial institutions and economic organizations can upload deal information on the partnership-based system.

“To increase the chances of successful deals, we are constantly expanding our footprint not only in Korea but also abroad like China, Japan, Taiwan and India for cross-border deals,” Lee said.

Currently, Korea M&A Exchange has 14 ongoing deals and six of them will be completed by the end of the first half of 2016 with its aim to post 3 billion won ($2.6 million) in revenue this year, mainly from commission fees.

Korea M&A Exchange isn’t the only company eyeing the dealmaking market.

Small & Medium Business Corporation Corporation, government-funded organization, also runs its own online site called ‘M&A Trade Market’ while the Korea Exchange, the country’s bourse operator, plans to cover M&A offerings to establish the network by June.

“Nothing is complete unless you put it in its final shape. The two only provide M&A information but we find you potential partners. That’s a major difference,” he said.

By Park Han-na (hnpark@heraldcorp.com)

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