Four Singapore firms top the largest SEA M&As in 2017

The US$15.94b acquisition of Global Logistic Properties topped the list.

The mergers and acquisitions (M&As) of four Singapore firms topped the list of the largest in Southeast Asia from Q1 to Q3 in 2017, Mergermarket revealed.

According to its trend report, the acquisition of Global Logistic Properties (GLP) by a consortium led by China Vanke, HOPU, and Hillhouse Capital for US$15.94b is the largest deal in Q1 to Q3.

The acquisition of CWT Limited by HNA Holding Group Co Ltd in Hong Kong for US$2.06b ranked as the third largest. This was followed by the $2b deal that Grab made with SoftBank Group Corp, Toyota Tsusho Corporation, and Didi Chuxing Technology Co Ltd.

Meanwhile, Singapore's Consortium for Energy Development Corp served as the bidder for a 47.5% stake in the Philippines' Energy Development Corporation worth $1.28b, the fourth largest M&A in the list.

So far, the total value of M&A in Southeast Asia is at US$53.5b, 23.1% higher than last year's value.

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