Financial News|Jefferies 前并购负责人加入一家专注于中国市场的机构

Ex-Jefferies M&A boss joins China-focused boutique

The former head of European and Asian M&A at Jefferies has emerged at an independent advisory firm specialising in outbound Chinese deals, where he is looking to build out the London advisory team.


Andy Bell told FN his role as chairman of DG Capital International would allow him to bring his decades of experience of international M&A to the year-old advisory arm of DealGlobe.

Andy Bell告诉《金融时报》,此举担任易界资本国际主席,能够将他几十年的国际并购经验带到易界网这个年轻的资讯机构。

DG Capital has offices in London and China. It aims to advise Chinese acquirers and foreign sellers looking to attract a Chinese buyer.


Bell said: “The thinking is that there is a real opportunity to grow a business which isn’t focused on other areas but is capitalizing on the opportunity in outbound Chinese M&A.”


Bell started his investment banking career at Morgan Stanley, where he worked for 14 years from 1990 before moving to HSBC, where he became global head of M&A. He joined Jefferies in 2012 and left in September 2015.

1990年,Andrew Bell开始在摩根士丹利从事投资银行业务,整整工作了14年之久。之后到汇丰银行担任全球并购主管。并于2012年加入Jefferies,在2015年9月离职。

He expects to add more advisory expertise to DG Capital’s London bench, where about a third of the firm’s 60-strong global workforce sits.

易界网的伦敦分部员工约占全球员工总数的三分之一, Bell期望为其带来更多的咨询行业知识和经验。

At $203.7 billion as of November 4, the value of Chinese outbound M&A in 2016 is already $100 billion ahead of 2015 as a whole, which had been the highest full-year value recorded by data firm Dealogic.


DealGlobe has yet to make it into the upper echelons of the advisory rankings for these deals.


So far in 2016 it ranks 60th on Dealogic’s league table of advisers on Chinese outbound deals. This is thanks to its work advising China Everbright Group and Beijing Baofeng Technologies on their acquisition of MP & Silva, a British sports media rights company.


Bell said: “We are focused not so much on the very large state-owned enterprises. We’re focused more on the small to medium sized, multibillion-dollar market cap companies, which frequently have a history of being started by an entrepreneur, have now been floated in China and are looking now to expand overseas.”


While Chinese deal making overseas has traditionally been in the energy and resources sectors, Bell said he expects activity in other sectors to pick up, including industrials, TMT, consumer and retail.


Bell added: “When you think about the size of the Chinese economy, when you think about the speed at which that economy is growing, there’s an enormous amount of growth potential.”


Source: Financial News