Transaction Trail
 Annual Issue 2018

A look at mergers, acquisitions, private equity or venture capital deals and initial public offerings (IPOs) in Singapore, Malaysia, Indonesia.

Annual 2018 Deal Round-Up

The overall transaction value in the region saw yet another record high set in 2018 with over US$136 billion, exceeding historic record levels achieved in 2017 of US$130 billion, and was driven by high value outbound SWF deals.


Singapore 2018 Deal Round-up

Overview of Singapore M&A Activity

A total of 688 M&A transactions took place in 2018, with a total announced value of US$99.0 billion.

BFSI was the dominant sector in 2018 with a total deal value of US$32.6 billion accounting for approximately a third of total value.

Real Estate sector was the next most active sector which accounted for approximately 20% of the total value and was the top sector for domestic M&A deals in Singapore.


Malaysia 2018 Deal Round-up

Overview of Malaysia M&A Activity

Malaysia witnessed M&A deal values at US$11.4 billion, which was below 2017 and 2016 levels.

The two largest M&A transactions in 2018 for Malaysia were the acquisition by Mitsui & Co Ltd of a 16% stake in IHH Healthcare Bhd from Khazanah National Bhd; and the acquisition of a 30% stake in Acibadem Saglik Yatirimlari Holding AS by IHH Healthcare Bhd.

The Healthcare sector in Malaysia witnessed high- value inbound and outbound M&A deal activity, with Real Estate continuing to be the top sector for domestic M&A.


Indonesia 2018 Deal Round-up

Overview of Indonesian M&A Activity

M&A deal volume reached a total of 130 deals in Indonesia with a total announced deal value of approximately US$15.1 billion. Domestic M&A took up the majority share (53%) of total deal value.

Materials was the largest sector in value terms (reaching approximately US$5.9 billion in 2018), followed by the BFSI and Energy sectors.