Asia-Pac M&A deals dive 24% in first quarter to US$119b, lowest since 2014 Q1

Mergermarket report shows value up for Thailand, Indonesia and Singapore, whose biggest transaction was the CapitaLand-Ascendas Singbridge buyout

Vivienne Tay

Published Wed, Apr 3, 2019 · 09:50 PM

Singapore

MERGERS and acquisitions (M&A) deal value in Asia-Pacific excluding Japan "nosedived" 24.5 per cent for the first three months of 2019 to 666 deals worth US$119.9 billion - its lowest since the first quarter of 2014, amid economic headwinds and the unresolved US-China trade war. Notable exceptions were Singapore, Thailand and Indonesia, where M&A value increased despite fewer deals, due to a number of large cap deals.

In Singapore, CapitaLand's bid to acquire Temasek subsidiary Ascendas-Singbridge was the largest M&A deal in Asia-Pacific ex-Japan during the period, according to latest research from deal intelligence service Mergermarket on Wednesday.

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