As global dealmaking regains momentum in 2025, cross-border M&A is once again a strategic priority for ambitious corporates, private equity sponsors, and family-owned businesses. Stabilizing regulatory environments, improving capital access, and a renewed appetite for geographic diversification are driving a rebound in international transactions—particularly between Asia and the West.
Nowhere is this more evident than in the mid-cap space, where industrial, tech, and energy businesses are re-evaluating their long-term strategies and seeing acquisitions and partnerships across borders as a critical lever for growth.
At Alarar Capital Group, we support our clients through complex, cross-border transactions that go beyond financial engineering. We help navigate cultural dynamics, regulatory frameworks, and execution challenges with precision. With a strong presence across Asia and a global advisory platform, ARC is uniquely positioned to bridge markets and deliver strategic value through tailored M&A solutions.
A Reopening of Global Transaction Channels
Global cross-border M&A volume is showing clear signs of recovery in 2025. According to J.P. Morgan, cross-border transactions accounted for over 32% of global M&A deal volume in Q1 2025, up from 26% in the same period last year (J.P. Morgan M&A Outlook 2025).
This resurgence is being fueled by several key dynamics:
- Geopolitical recalibration has led to improved regulatory predictability between major economies.
- Asian buyers, particularly from China, India, and Southeast Asia, are once again active in outbound transactions, seeking capabilities and technology.
- Western sellers are increasingly open to international suitors as part of portfolio optimization or long-term succession planning.
- Private equity firms are also re-entering Asia with renewed interest, citing favorable valuations and fast-growing market segments.
PwC’s 2025 M&A Trends report emphasizes that “cross-border dealmaking will be one of the most compelling strategies this year, particularly for firms that can move quickly and localize integration plans effectively” (PwC M&A Industry Trends 2025).
Cross-Border M&A Is About More Than Distance
What distinguishes cross-border deals is not just geographic spread, but operational complexity. Beyond price and timing, these transactions require deep expertise in:
- Cultural alignment between management teams
- Regulatory navigation, often involving multiple jurisdictions
- Post-merger integration planning tailored to local business norms
- Trust-building between parties unfamiliar with each other’s systems, expectations, and pace
These soft factors are often the difference between a successful cross-border deal and one that never closes—or worse, one that unravels after the ink is dry.
Alarar Capital Group’s cross-border work is built around more than financial modeling. It involves building bridges: between cultures, between strategic visions, and between execution realities on the ground.
Case Study: Shrirams Pistons and Greatland Electric
A strong example of this approach is Alarar Capital Group’s advisory work on the joint venture between Shrirams Pistons (India) and Greatland Electric (China).
The Situation
An Indian automotive component manufacturer was looking to gain a competitive edge in the fast-growing domestic electric vehicle (EV) market. To do so, it needed both access to EV-specific technologies and a credible international partner.
The Challenge
On the Chinese side, Greatland Electric—a supplier with proven EV technology—was hesitant to engage. Concerns about IP protection, market uncertainties, and cultural misalignment created hesitation, despite the strategic fit.
Alarar Capital Group’s Role
As the financial advisor to Shrirams Pistons, Alarar Capital Group:
- Identified and vetted suitable Chinese partners
- Orchestrated a joint venture agreement structured as a technology transfer partnership
- Facilitated trust-building through a combination of in-market visits, structured negotiations, and small-scale product pilots to test collaboration readiness
- Supported alignment on vision, governance, and post-deal integration
The Outcome
The successful joint venture positioned Shrirams Pistons as a frontrunner in India’s EV transformation. The Chinese partner gained early access to a rapidly growing market with a trusted local operator. The partnership not only created immediate operational value, but also demonstrated ARC’s ability to bridge two distinct markets, cultures, and business models through tailored advisory and execution.
This case underscores ARC’s hands-on approach: combining on-the-ground presence with strategic structuring and cross-border M&A experience to unlock long-term value for both sides.
Why Cross-Border Transactions Require a Specialized Approach
At Alarar Capital Group, we recognize that no two cross-border deals are alike. However, based on our experience, successful cross-border M&A tends to follow a few consistent patterns:
1. Start With Strategic Clarity
Many failed deals begin with unclear motives. We work closely with clients to define their strategic goals upfront—be it market entry, supply chain resilience, customer diversification, or technological access.
2. Build Trust Through Early Alignment
Trust is currency in international deals. ARC facilitates early relationship-building between decision-makers, often through face-to-face meetings or shared pilot initiatives. These early touchpoints pave the way for smoother diligence and negotiation phases.
3. Navigate Regulatory and Legal Frameworks Confidently
Our team works alongside international legal advisors and local counsel to ensure compliance and minimize execution risk. We are well-versed in regulatory nuances from CFIUS reviews in the U.S. to SAFE approvals in China.
4. Plan Integration Before the Deal Is Signed
Cross-border integration often fails due to cultural clashes or operational friction. We encourage clients to map post-closing execution in parallel with due diligence, so there is no loss of momentum post-deal.
2025 Outlook: Asia Remains Central to Cross-Border M&A
Whether outbound from China or inbound into Southeast Asia, Asia will remain at the heart of global cross-border dealmaking.
According to Bain & Company, APAC deal volume is projected to grow 12% year-on-year in 2025, driven by pent-up capital and macroeconomic resilience (Bain Global Private Equity Report 2025).
Thematically, sectors driving cross-border interest include:
- Clean energy and EV
- Healthcare and medtech
- Industrial automation and smart manufacturing
- Digital infrastructure and logistics
Alarar Capital Group’s presence across major financial and industrial hubs in Asia—including Shanghai, Singapore, Hong Kong, and Mumbai—enables us to support clients from both sides of the table. Whether advising a Western company entering Asia or a local champion seeking global scale, we offer integrated advisory that bridges execution and strategy.
Conclusion: M&A Is Global Again—and the Best Opportunities Require Local Expertise
Cross-border transactions in 2025 are not just about size, but about strategy. For business leaders and investors seeking to unlock new growth vectors, international M&A remains one of the most effective—but also the most complex—tools available.
Alarar Capital Group brings deep regional expertise, cultural fluency, and execution discipline to every transaction. We act not just as financial advisors, but as strategic partners throughout the deal lifecycle—from preparation and positioning through to integration and growth.
In a market where borders are reopening, opportunities are expanding—and ARC is ready to help clients navigate them.
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