ISSUE 2 | 2022
• Industrials & Chemicals – the
all regions, accounting for 33.0% and 33.2% of global deal volume and value in Q1 2022. KEY SECTORS AND DEALS The top performing four sectors in Q1 2022 were TMT, with 21 deals (Q1 2021: 10 deals), Business Services with nine deals (Q1 2021: 10), Industrials & Chemicals with seven deals (Q1 2021: 22) and Energy, Mining & Utilities, also with seven deals (Q1 2021: 10). Together, these four sectors accounted for 69.8% of the quarter’s total deal volume. The top three deals in South East Asia were as follows: • Business Services – the acquisition of the Princeton Digital Group in Singapore by Warburg Pincus LLC, the Ontario Teachers' Pension Plan and the Mubadala Investment Company PJSC from the United Arab Emirates (purchase consideration: USD 500m).
acquisition of a 100% stake in G J Steel Public Co Ltd in Thailand by the Nippon Steel Corporation from Japan (purchase consideration: USD 456m). • Energy, Mining & Utilities – the acquisition of 33.3% stake in Star Energy Group Holdings Pte. Ltd. in Indonesia by Springhead Holdings Pte Ltd from Singapore (purchase consideration: USD 440m). The total value of the Top 20 deals in South East Asia was USD 5.3bn, accounting for 69.7% of the quarter’s total deal value of USD 7.6bn. Looking at the region’s Top 20 M&A deals, it is noteworthy that Singaporean companies were the most popular targets, accounting for 40% of the quarter’s Top 20 (Q4 2021: 30%). South East Asia also remains an attractive region for international investors, with 55% of the Top 20 involving overseas bidders from outside the region.
WONGWING SEONG EXECUTIVE DIRECTOR, ADVISORY
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