America's Emerson Network Power has acquired 100% in Avansys, a telecom and data power conversions provider, and a 100% owned subsidiary of Shenzhen-based Huawei Technologies for $750 million in cash, in the largest MA deal between a private Chinese company and a foreign investor to date.
The deal represents a milestone in the Chinese MA market. Hitherto deals involving western investors have been few, with investment usually taking the form of a joint venture, wholly owned foreign venture, or equity stake via an international IPO.
For example, the only two major MA deals this year have purely domestic - the acquisition of Shandong Huaneng Power by Huaneng Power...
