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Singapore takes 74% of SEA PE deal value as regional activity dips

Total deal value in Southeast Asia declined 43% year-on-year.

Singapore accounted for over 74% of total private equity deal value in Southeast Asia in 2025, according to an EY report.

Private equity deals in the region totalled $11.5b (US$9.1b) across 59 transactions, with Singapore deals comprising the largest share.

Total deal value in Southeast Asia declined 43% year-on-year, whilst deal volumes fell 12%. Average deal size decreased from $449.5m (US$356m) in 2024 to $337.1m (US$267m) in 2025.

Sector data shows that infrastructure and energy deals accounted for 53% of total value, whilst real estate contributed 11%, EY reported.

PE-backed exits in the region amounted to $5.6b (US$4.4b) across 33 deals, representing a 47% decline in proceeds compared with 2024.

The number of IPOs involving PE-backed companies was four in 2025.

Southeast Asia recorded 10 private equity fund closes, raising $5.8b (US$4.6b), with the largest close being Axiom Asia Fund VII at $1.5b (US$1.2b).

EY said that sponsors focused on operational value creation and portfolio management.

$1 = US$0.79
 

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