Southeast Asia M&A surges to $53.5b in Jan-Sept 2017, led by transport sector

Southeast Asia saw mergers and acquisitions worth $53.5 billion across 290 deals in the first three quarters of this year, a strong performance outdone only by the Q1 to Q3 performance in 2013.

According to Mergermarket data, Q3 alone saw 97 M&A deals worth $26.7 billion in the region, up 81.8 per cent from the same period in 2016. Three of the region’s top five deals this year were logged in the third quarter — the acquisition of Global Logistic Properties, a $2-billion investment in Grab and the acquisition of a 47.5 per cent stake in Energy Development Corporation for $1.3 billion.

The Internet/e-commerce space was one of the key factors behind the strong deal growth. The subsector – generally counted under TMT (Technology, Media & Telecommunications) – saw 13 deals worth $5.3 billion in the year so far, up 3.9 times by value compared to the equivalent period of 2016, which saw seven deals worth $1.1 billion. Internet/e-commerce had a 9.9 per cent share of the overall M&A tally this year to date.

Source: Deal Street Asia