Industrial M&A value reaches record highs

It hit US$22.3b in Q3, beating the highest value recorded in 2015.

Industrial mergers and acquisitions (M&A) took up 35.6% of current market shares to US$22.3b in Q3, soaring by 152.8% YoY.

According to Thomson Reuters, this is a record-breaking period for the sector in terms of value as it broke through the annual high in 2015 of US$13.3b.

Nesta Investment Holdings Ltd acquired Global Logistic Properties Ltd's (GLP) 100% share capital for a total of US$16.4b, including net debt.

Upon completion, GLP will be delisted from the Mainboard of Singapore Exchange Securities Trading Ltd.

Real Estate took second place with 24.9% market share worth US$15.6b, a 66.4% increase from a year ago, driven by Mapletree Investments' acquisition of the student housing portfolio of US-based Kayne Anderson Capital Advisors LP for an estimated US$1.6b.

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