Mergers And Acquisitions Have Become Catalysts For The Development Of The Environmental Protection Industry.

From the implementation of the "ten points of atmosphere" and "ten points of water" to the environmental protection plan of 13th Five-Year and the anticipation of "ten territories", the environmental protection industry is expected to bring nearly 20 trillion yuan of "big cake". The listed companies have launched the "scramble for takeover bid" button, and the merger and acquisition of heavy group has become the catalyst for the development of the environmental protection industry.

Wind statistics show that since the beginning of this year, the number of M & A in the A share industry has reached 86, and the amount of M & A has increased by more than 22 billion yuan, an increase of 147% over the same period. At the same time, the scale of the M & a industry fund established by the environmental protection listed company is over 20 billion yuan.

In the PPP mode, the demand for capital strength, government coordination and comprehensive governance capability of listed companies has been increasing. The listed companies have launched the M & A + refinancing mode so as to realize the deep integration of the industrial chain.

At present, the PPP mode of "engineering + operation" in the environmental protection industry has become a trend. The demand for capital strength, government coordination capability and comprehensive governance capability has been gradually raised. More enterprises have opened the mode of M & A and refinancing so as to realize the integration of industrial chain and expansion in different places.

Meanwhile, some other industries are facing difficulties in developing companies.

Cut into the environmental protection industry and become another major feature of this year's M & A.

"In order to cut into the environmental protection industry, we have stepped up the pace of mergers and acquisitions, because good environmental protection targets are scarce, and if we do not step up our pace, it will be even more difficult for us to find suitable targets in the future."

Zhang Qiang, vice president of Oriental Garden, told the China Securities Journal reporter.

According to a researcher at CICC, cross-border acquisitions in 2015 jumped by 333% over the same period last year, and its growth rate exceeded the expansion of mergers and acquisitions.

The growth rate of expanded M & A was 143%.

Take the Oriental Garden as an example, because of the declining trend of the "old bank", the company has pformed the environmental protection integrated operator through the acquisition of the environmental protection company.

According to incomplete statistics from reporters, more than 22 non environmental listed companies have poured into the environmental protection field through mergers and acquisitions, joint ventures and asset injection this year.

With the increasing investment in the environmental protection industry, more and more traditional industries such as steel, electrical, machinery and other industries have been pforming their environmental protection to seek new growth points, which will bring revaluation of the value.

In terms of listed companies, the main industry is the upper class of wind turbine manufacturing, which is cut into the environmental monitoring industry through the acquisition of Yuxing technology. The southern pump industry, which is mainly manufactured by centrifugal pumps, cut into the sewage treatment industry through the acquisition of Jinshan environmental protection. The main business is ST, a cement production company, which acquired 8 recycled subsidiary companies in Qinling Mountains.

GF Securities statistics show that since 2014, A shares have significantly increased the number of mergers and acquisitions in the environmental protection industry. The number of mergers and acquisitions of Listed Companies in the environmental protection industry has reached 160, with a total value of 39 billion 600 million yuan, with an average amount of 250 million yuan per acquisition.

Insiders pointed out that the leading environmental protection company, relying on its capital and platform advantages, adopted horizontal mergers and acquisitions to expand the scale of the industry, or to extend the industrial chain longitudinally, so as to achieve the "rise of performance valuation".

For the M & a side, financing is the general demand of this kind of environmental protection company. Seeking merger or IPO is the ultimate choice.

Based on this logic, the merger and acquisition of the environmental protection industry in 2015 will not be reduced.

In the Hanlan environment, the acquisition of crown crested China has stepped out of the South China Sea to achieve cross regional development. The Central Plains environmental protection acquisition of the five Longkou sewage treatment plant has rapidly expanded the scale of sewage treatment; Dongjiang environmental protection has acquired Rudong Daheng and Zhuhai everlasting prosperity, consolidating the main business of hazardous waste treatment.

At the same time, the expansion of similar fields of environmental protection and the extension of industrial chain are also a feature of this year's environmental industry mergers and acquisitions.

For example, Sander's environmental acquisition of Henan Hengchang has entered the field of recycling of precious metals; spotlight technology has acquired Xin Bai Li, Three Gorges environmental protection, expanded from the monitoring industry to the environmental control industry; Tian duo energy saving acquisition of Beijing Huasheng expand natural gas business; Yi Shi Da bought the Golmud of Shen Guang and expanded photovoltaic business.

It is worth mentioning that the accelerated establishment of the environmental M & A fund has made the M & A of the industry more efficient.

According to statistics, this year, listed companies and various investment companies in the environmental protection industry have set up an industry merger fund, with a total scale of about 20000000000 Yuan, and investment involves many fields such as solid waste, water treatment, air treatment and so on.

The ability of enterprise financing is directly related to its subsequent ability to take orders. At present, the scale of the financing that has not yet been completed is 22 billion yuan, and the refinancing process is worthy of attention.

In addition, the investment logic of the environmental protection industry is shifting from the past order driven type to the direct equity type.

This year, the blue water source has introduced the national finance as a war investment through refinancing, and has received 6 billion 200 million yuan of funds to enhance the company's financial strength and its ability to dock with the government. Sander's environment has pferred 29.8% of the company's shares to Tsinghua holdings, and its financial strength and resources have significantly improved on the relay.