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14-12-2016, 01:50 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
800 deals worth S$126b recorded in S’pore this year
State-owned investment giants lead charge, as real estate makes up larger portion of M&
Angela Teng
[email protected]
.
Updated: 7:50 AM, December 14, 2016
SINGAPORE — Deal-making in Singapore has remained strong this year, led by state-owned investment giants GIC and Temasek Holdings, a report by global valuation and corporate finance adviser Duff & Phelps showed yesterday.
Singapore recorded a total of 800 deals worth US$88.1 billion (S$125.7 billion) so far this year, led by mergers and acquisitions in the real estate sector, the report showed. But while this year’s deal volume — which covers mergers and acquisitions (M&A), private equity/venture capital (PE/VC) investments and initial public offerings (IPOs) — was 17 per cent more than last year’s 685 transactions, values declined 15 per cent from a record US$103.8 billion last year.
This year’s performance was sustained mainly by sizeable M&A transactions involving GIC and Temasek in consortium as well as stand-alone investments, complemented by other notable deals such as French shipper CMA CGM’s acquisition of Neptune Orient Lines, Singapore Telecommunications’ stake acquisition in Intouch Holdings and Qatar Investment Authority’s purchase of Asia Square Tower 1, the report showed.
There were 485 cross-border M&A deals in Singapore and 199 domestic deals in all. The real estate sector was the largest contributor to the M&A deals at close to 30 per cent, with high-profile transactions such as GIC’s acquisition of a logistics portfolio in the Czech Republic worth US$2.7 billion. Industrials accounted for roughly 19 per cent of the total value, while the technology sector accounted for about 16 per cent.
Meanwhile, PE/VC deals recorded steady growth for this year, with transactions amounting to US$3.5 billion, well above the US$2.2 billion, US$2.4 billion and US$0.9 billion achieved for 2015, 2014, and 2013, respectively.
In the IPO space, the Republic saw a pick-up in activity with a total of 16 new offerings raising US$1.9 billion on the Singapore Exchange, up from the 13 IPOs that raised US$450.7 million in 2015. The largest among these was Frasers Logistics & Industrial Trust, which raised approximately US$664 million in June.
Deal volumes also grew in Malaysia and Indonesia this year, with 413 and 178 deals worth US$15.6 billion and US$10.8 billion, respectively, the report showed. In the previous year, Malaysia recorded 360 deals worth US$9.7 billion while Indonesia recorded 143 deals valued at US$2.8 billion.
“We saw a record year of M&A deals in 2015 in the global market, as well as in Singapore. Though we have not seen such historical deal-making levels in 2016, the activity has been fairly healthy with the region clocking over US$100 billion worth of transactions ... Clearly, Asia has emerged as a strong player in the M&A arena, overtaking Europe, driven by large outbound acquisitions by China, Singapore and other Asian countries in their quest to increase their global footprint,” said Ms Srividya Gopalakrishnan, managing director, Duff & Phelps.
Looking ahead, she said there is a good pipeline for deals in the region as Asia takes a rising share in global deal values. However, she warned that sentiment is negative, stemming from the effects of Britain’s vote to leave the European Union, an “unusual” United States presidential election, the slow recovery in the energy sector, the weakness in the marine, offshore and oil and gas sectors, as well as other uncertainties.
“It will be interesting to see how deal-making will shape up in 2017 and to what extent restructuring would contribute to the transactions landscape going forward in our current times of uncertainty,” she said.
http://www.todayonline.com/business/...ors_picks=true (http://www.todayonline.com/business/800-deals-worth-s126b-recorded-spore-year?google_editors_picks=true)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?238879-Led-by-giants-Temasek-and-GIC-S-pore-is-champion-in-deal-making-huat-ah!&goto=newpost).
800 deals worth S$126b recorded in S’pore this year
State-owned investment giants lead charge, as real estate makes up larger portion of M&
Angela Teng
[email protected]
.
Updated: 7:50 AM, December 14, 2016
SINGAPORE — Deal-making in Singapore has remained strong this year, led by state-owned investment giants GIC and Temasek Holdings, a report by global valuation and corporate finance adviser Duff & Phelps showed yesterday.
Singapore recorded a total of 800 deals worth US$88.1 billion (S$125.7 billion) so far this year, led by mergers and acquisitions in the real estate sector, the report showed. But while this year’s deal volume — which covers mergers and acquisitions (M&A), private equity/venture capital (PE/VC) investments and initial public offerings (IPOs) — was 17 per cent more than last year’s 685 transactions, values declined 15 per cent from a record US$103.8 billion last year.
This year’s performance was sustained mainly by sizeable M&A transactions involving GIC and Temasek in consortium as well as stand-alone investments, complemented by other notable deals such as French shipper CMA CGM’s acquisition of Neptune Orient Lines, Singapore Telecommunications’ stake acquisition in Intouch Holdings and Qatar Investment Authority’s purchase of Asia Square Tower 1, the report showed.
There were 485 cross-border M&A deals in Singapore and 199 domestic deals in all. The real estate sector was the largest contributor to the M&A deals at close to 30 per cent, with high-profile transactions such as GIC’s acquisition of a logistics portfolio in the Czech Republic worth US$2.7 billion. Industrials accounted for roughly 19 per cent of the total value, while the technology sector accounted for about 16 per cent.
Meanwhile, PE/VC deals recorded steady growth for this year, with transactions amounting to US$3.5 billion, well above the US$2.2 billion, US$2.4 billion and US$0.9 billion achieved for 2015, 2014, and 2013, respectively.
In the IPO space, the Republic saw a pick-up in activity with a total of 16 new offerings raising US$1.9 billion on the Singapore Exchange, up from the 13 IPOs that raised US$450.7 million in 2015. The largest among these was Frasers Logistics & Industrial Trust, which raised approximately US$664 million in June.
Deal volumes also grew in Malaysia and Indonesia this year, with 413 and 178 deals worth US$15.6 billion and US$10.8 billion, respectively, the report showed. In the previous year, Malaysia recorded 360 deals worth US$9.7 billion while Indonesia recorded 143 deals valued at US$2.8 billion.
“We saw a record year of M&A deals in 2015 in the global market, as well as in Singapore. Though we have not seen such historical deal-making levels in 2016, the activity has been fairly healthy with the region clocking over US$100 billion worth of transactions ... Clearly, Asia has emerged as a strong player in the M&A arena, overtaking Europe, driven by large outbound acquisitions by China, Singapore and other Asian countries in their quest to increase their global footprint,” said Ms Srividya Gopalakrishnan, managing director, Duff & Phelps.
Looking ahead, she said there is a good pipeline for deals in the region as Asia takes a rising share in global deal values. However, she warned that sentiment is negative, stemming from the effects of Britain’s vote to leave the European Union, an “unusual” United States presidential election, the slow recovery in the energy sector, the weakness in the marine, offshore and oil and gas sectors, as well as other uncertainties.
“It will be interesting to see how deal-making will shape up in 2017 and to what extent restructuring would contribute to the transactions landscape going forward in our current times of uncertainty,” she said.
http://www.todayonline.com/business/...ors_picks=true (http://www.todayonline.com/business/800-deals-worth-s126b-recorded-spore-year?google_editors_picks=true)
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?238879-Led-by-giants-Temasek-and-GIC-S-pore-is-champion-in-deal-making-huat-ah!&goto=newpost).