Total value of Japanese overseas M&A in fiscal 2016 (ending on March 31) rose to a record high for the third year in a row according to Recof. 627 deals let the overall value rise y-o-y by 34% to 11 trillion yen.
I am convinced this trend will continue this year as already predicted here on December 31 last year. Last year’s most expensive deal was the acquistion of British chip design house ARM Holding by Softbank (the company covered in my last blog post).
And I can only repeat what I said last week, “watch out for SoftBank”. Their 3 billion USD acquisition of Fortress Investment Group from the U.S. two months ago was just one recent step. They will continue to make headlines with other investments and acquisitions, just think of their 100 billion USD innovation fund started jointly with Saudi Arabia.