Dealmaking slows amid travel curbs and valuation gaps
More privatisations, special situation transactions could take place in second half of the year. BY LEE MEIXIAN
Singapore
WHILE merger and acquisition (M&A) activity in Singapore has slowed this year, industry watchers expect more special-situation transactions, promoter-led privatisations, private equity-led buyouts and restructurings of companies to unfold in the remaining months.
Mergermarket data shows that in the first five months of 2020, some 108 deals valued at US$26.3 billion were completed in Southeast Asia. This is about 20 per cent lower than the same period a year ago, when 161 deals worth US$32.4 billion were done. More than half of this year's deals were done in January and February.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism