Outbound acquisitions by Singapore firms edged up 6% to US$10.1b

This is the highest level since 9M11.

According to Thomson Reuters, overseas acquisitions from Singapore companies improved slightly this year as deal value grew 6.0% to US$10.1 billion, the highest level since the first nine-month period of 2011.

Majority of Singapore’s outbound acquisitions were in the Real Estate sector with US$3.7 billion, a substantial 111.1% growth compared to the comparative period of 2012, and witnessed the strongest first nine month period since 2011 (US$5.7 billion).

Here's more from Thomson Reuters:

Meanwhile, the Government of Singapore Investment Corp Pte Ltd (GIC) completed a bankruptcy sale to acquire the luxury resort properties of US-based MSR Resort Golf Course LLC (MSR) from Paulson & Co Inc (which included Wailea Resort Hotel & Spa).

Concurrently, GIC completed a bankruptcy sale to acquire La Quinta Resort & Club, Claremont Resort & Spa, PGA West, and The Arizona Biltmore units from MSR. The combined estimated value of these deals reached US$1.5 billion, driving Media & Entertainment sector to capture 23.3% of Singapore’s outbound M&A activity. The deal bolstered the Media & Entertainment sector significantly as the value Singapore’s M&A outbound activity jumped to US$2.4 billion from US$408.0 million during the first nine months of 2012.

In terms of value, United States captured a huge portion of Singapore’s outbound M&A activity with US$2.11 billion, up 158.0% from the comparable period last year, and captured 20.8% of the market share. However, China saw the most number of acquisitions from Singapore with 36 announced deals so far this year worth US$2.10 billion.

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