In COVID-hit 2020, there was a 17% year-on-year fall in M&A deal value in Southeast Asia, showed data from Duff & Phelps, which tracked deals in Singapore, Malaysia, and Indonesia, where the bulk of all M&A transactions in the region take place.
Both Singapore and Indonesia saw a steep fall — 23% and 34% respectively — in M&A deal volume. Deal value for Singapore fell 18% on-year to $59.2 billion, while in Indonesia, the overall deal value rose 35%, from 2019, to $9.7 billion due to several large deals.
In Malaysia, the number of deals was flat, while overall deal value fell 41% on-year to $5.3 billion.
However, given that COVID-19 is a health crisis rather than a financial tremor, M&A activity may rebound in 2021.
The M&A in SE Asia: What’s next? report details:
- M&A landscape in SE Asia amid COVID-19.
- How tech deals will propel M&As.
- Outlook for Southeast Asian M&As in 2021.
- Insider Insights from top executives.