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Mergers and acquisitions expected to rise in South-east Asia in 2025

Market watchers notice a flurry of activity among sovereign wealth funds and that capital is waiting to be funnelled into M&As

 Tay Peck Gek
Published Fri, Jan 10, 2025 · 05:00 AM
    • A consortium comprising Malaysian sovereign wealth fund Khazanah Nasional, Global Infrastructure Partners, Malaysia Employees Provident Fund and the Abu Dhabi Investment Authority, has made an offer for Malaysia Airports Holdings.
    • A consortium comprising Malaysian sovereign wealth fund Khazanah Nasional, Global Infrastructure Partners, Malaysia Employees Provident Fund and the Abu Dhabi Investment Authority, has made an offer for Malaysia Airports Holdings. PHOTO: BLOOMBERG

    MERGERS and acquisitions (M&As) in South-east Asia are expected to rise in 2025, driven by, for example, the rising participation of sovereign wealth funds and raised private capital waiting to be deployed.

    Abbas Rangwala, who heads M&As for South-east Asia and India at Natixis Corporate and Investment Banking, described 2024 as a “sluggish” year, noting that total deal values fell 54 per cent from 2023 levels.

    The yearly activity was based on announced deals more than US$50 million in value, but which excluded financing and primary capital raising transactions, recapitalisation, restructuring, and special purpose acquisition company (Spac) mergers.

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