Q2 2012 Southeast Asian M&A was the second consecutive quarterly increase, as the region registered $ 13.2bn in deals – up 27.7 percent on Q1 2012 (US$ 10.3bn).
• H1 2012′s total was slightly down, its $ 23.5bn down 9 percent on H1 2011′s $ 25.9bn.
• Inbound deals into the region fell sharply, quarter-on-quarter, as Q2 2012 witnessed $ 982m of inbound deals – a 62.9 percent drop on the previous quarter (US$ 2.6bn).
• Intra-regional deals went the other way and dominated the scene, making up $ 12.2bn, or 92.6%, of the Q2 total as SEA buyers stayed close to home.
• Outbound deals experienced a quarterly resurgence, rebounding by 77.3 percent in Q2 2012 to $ 11.2bn.
• Indonesia was the region’s biggest winner, attracting the most investment of any SEA country and notching up $ 10.1bn in deals during H1 2012, up an impressive 337.4 percent on H1 2011 (US$ 2.3bn).
• Financial Services made up a substantial chunk of H1 2012′s total deal value in the region – 42.9 percent – followed by Energy, Mining & Utilities which made up 28.9 percent of total deal value.
• DBS topped the financial advisers league table by deal value for H1 2012 while CIMB took the honours in the deal volume table.
• Makes & Partners shoots to the top of the SEA legal advisers league table by deal value, an impressive 38 places up on its H1 2011 finish, whereas Allen & Gledhill maintains its first place finish in the deal count table.
All data is based on announced transactions over $ 5m. Deals with undisclosed deal values are included where the target’s turnover exceeds $ 10m.
Deals where the stake acquired is less than 10 percent will only be included if their value is greater than $ 100m. Activities excluded include property transactions and restructurings where the ultimate shareholders’ interests are not changed. All data excludes minority stake deals (10 percent – 30%) where the dominant target geography is Southeast Asia and the deal value is less than $ 100m.
• M&A Trend/Country Breakdown: Based on the dominant geography of the target company being Southeast Asia. Excludes lapsed and withdrawn bids;
• Industry Analysis: Based on the dominant geography of the target company being Southeast Asia. Industry sectors represent the primary industry sector of the target company only. Excludes lapsed and withdrawn bids;
• Cross-border M&A: Inbound refers to cross border M&A where the dominant geography of the target company is Southeast Asia. Outbound refers to cross border M&A where the dominant geography of the bidder company is Southeast Asia. Excludes lapsed and withdrawn bids.
• Intra-regional trend: Based on the dominant geography of both target and bidder companies being Southeast Asia.
• Top Announced Deals: Based on the dominant geography of the target, bidder or seller company being Southeast Asia. Excludes lapsed and withdrawn bids. FA refers to Financial Adviser and LA refers to Legal Adviser.
• Heat Chart: Based on the intelligence collected in our database relating to companies rumoured to be up for sale, or officially up for sale in the Asian region. It is therefore indicative of areas that are likely to be active in the months to come. The intelligence comes from a range of sources, including press reports, company statements and our own team of journalists gathering proprietary intelligence from M&A practitioners across the region. The data does not differentiate between small and large transactions, nor between deals that could happen in the short or long-term.
• All values are in $.
All data correct as of 05 July 2012.
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