Foreign acquirers target high-growth Singapore firms

Acquisitions jumped 80% in 2H14.

Singapore firms are the favourite acquisition targets of high-growth foreign enterprises, a report by KPMG revealed.

The number of deals involving high growth market acquirers of developed market targets (H2D) jumped in the second half of 2014, showing a 'robust resurgence' in M&A appetite.

The number of H2D deals involving local targets jumped 80% in the second half, the steepest increase in all markets surveyed.

“Singapore is the epicentre of a rapidly growing region. The country is highly attractive for overseas corporations looking to expand into Southeast Asia, given its business-friendly environment and local companies' quality customer bases, branding and expertise,” said Benjamin Ong, Head of Mergers & Acquisitions, KPMG in Singapore.