平成7年度 対内直接投資促進のための我が国M&A環境整備に関する調査 2.我が国のM&A

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1 (53.3%) 212 (37.5%) 52 (9.2%) ,

2

3

4 TOB 1991 S. C EDS 92 TOB MEMC GE 1994 HOYA HOYA MCA US 1995 BASF,

5 (1) ,625 2,

6 (2) , , , , , , Acquisitions Monthly, Annual 1995

7 (1) (2) No.2

8 (3)

9 (4),

10

11 (5)

12

13 M&A Meregers & Acquisitions, May/June, ,

14 2-11 ( ) M&A CS D ( ), %

15 (1) (2) (3)

16 (4)

17 =Management Buyout, (5) Lyonnaise des Eaux

18 ( 100 ) Schweizerischer Bankverein SG Warburg Group (investment banking Division) 3,048 Phône-Poulenc Fisons 2,803 Compagnie Financière Richemont Rothmans International(39%) 2,476 Central & South West Corp SEEBOARD 2,385 Southern Company South Western Electricity 1,642 Dresdener Bank Kleinwort Benson Group 1,525 Veba Cable & Wireless PLC(11%) 1,371 Telecommunications Consortium I-CO Global Telecomunications 1,335 Internationale Nederlanden Groep Barings Group 1,316 Lyonnaise Des Eaux Nortumbrian Water Group 1,260 ( ) 1=US$1.53 Aquisitions Monthly, Annual,

19 2-14 (1995 ) M&A 1 19, , SBC 13, NM 12, JP 11, , , , , , Acquisitions Monthly,

20 70 (1) (2)

21 (3)

22 (4) (5)

23 (1) (2) (3) 6 1,

24

25 (4) 1980

26

27 TBS, 1987,,1991,, 1987, 1993, 1995,,

平成12年度 対日直接投資増加の理由と日本経済にもたらす影響に関する調査 第3章-2 各論・金融業

平成12年度 対日直接投資増加の理由と日本経済にもたらす影響に関する調査 第3章-2 各論・金融業 -- (1) 1998 5080 98 200 3- - M&A 982000 88 3-- 2000 2 OUT-IN M&A 1998-2000 98 99 2000 88 23 27 38 27 6 12 9 0 0 0 0 10 2 3 5 4 1 0 3 ( ) 47 14 12 21 MARR 44 (2) 98 88 46 3- -3 46 22 Private Equity Fund

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