In the middle of Italy’s third recession in twice as many years, a 2-year-old website aims to help Italians find customers for properties, products and services among Italy-based Chinese entrepreneurs. Its URL, vendereaicinesi.it, literally means “sell to the Chinese.”
Chinese investors from further afield are also finding a warm reception in the eurozone’s third-largest economy, where valuations have come down amid the economic downturn but attractive brands and technology are still to be found. According to Mergermarket, by early November the value of Chinese cross-border M&A activity in Italy had soared 4,876 percent from the year earlier to $3.45 billion. Italian law firms have thus far dominated the advisory work for Chinese companies, reflecting their strong position in corporate M&A in general. Still, some international firms are angling for work, with China powerhouse King & Wood Mallesons recently expanding the Milan office it acquired in its merger with SJ Berwin.
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