Singapore inbound M&A soars 213.8% to $14.3b in Q3

Inbound activity is now at a record high of $20.2b.

Foreign acquisitions targeting Singaporean companies reached the highest-ever quarterly period in terms of value with $14.3b (US$19.3b) of transactions in Q3, 213.8% higher YoY.

According to Thomson Reuters, this pushed inbound activity to a record high of $20.2b (US$27.3b), also higher by 130.2% YoY.

The Industrials sector comprised 69.4% of Singapore’s inbound mergers and acquisitions (M&A) activity and totaled $14.1b (US$19b), a significant increase compared to last year.

This was driven by China-based Nesta Investment Holdings Ltd’s pending acquisition of Singapore-based Global Logistic Properties Ltd, from GIC Pte Ltd, for a total of $2.2b (US$16.4b), including net debt.

China led acquisition activity in terms of deal value, capturing 70.9% of Singapore’s inbound activity. The United States and Japan followed with 9.5% and 6.8% market share, respectively.
 

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