US investment bank Baird has appointed former BDA Partners managing director Lydia Xu as managing director and head of investment banking in Shanghai.
Xu has 15 years of cross-border M&A experience. She has advised on sell-side transactions involving AXA Private Equity, BASF, Johnson Controls and Schneider and Siemens VDO. Prior to joining BDA Partners in Shanghai in 2001, she worked at Asia Pulp & Paper and Chinese investment bank Hainan Securities.
In her new role Xu will be responsible for driving overseas transactions among Chinese buyers as well as advising Chinese corporates and private equity firms looking to sell assets, make new investments, or refinance debt, the statement said.
Baird looks to capitalise on opportunities in China as corporates globally ramp up investments in the country. The M&A deal count in China was up by 42 percent as of September 2016 compared with the previous year, while the overall deal value jumped by 147 percent in the same period, according to the firm.
In the past year, Baird advised on the sale of baby products manufacturer Mayborn Group to Shanghai Jahwa, owned by Chinese insurance giant Ping An. The bank was also involved in industrial tools manufacturer Metabo AG’s sale to Hitachi Koki and OMRON Corporation’s acquisition of US robotics company Adept Technology.
In June this year, Baird teamed up with Brazilian investment bank BR Partners to focus on cross-border M&A in Brazil, Europe and the US.
Baird, which manages more than $160 billion in client assets, has advised on about 400 transactions representing more than $94 billion in overall transaction value since 2011.