Source: Daily Journal
Following the latest mega-deal in which a consortium of Chinese private equity firms bought Playtika, Caesars’ social mobile and gaming business for $4.4 billion, Pillsbury partner and China practice leader Tom Shoesmith observed that there has been a “huge uptick” in Chinese investment in the U.S. The uptick has been happening across many asset classes, including the real estate, technology, industrial, aerospace and energy sectors.
In March, Shoesmith closed a deal for Beijing E-Town Dragon Semiconductor Industry Investment Center in which it acquired Mattson Technology Inc. for roughly $300 million. Shoesmith is advising another potential Chinese buyer in a semiconductor deal, although he could not disclose details.