140 views
Chart from Refinitiv

Value of M&A deals drop 65% YoY in 9M23

The number of deals likewise declined.

The value of merger and acquisition (M&A) transactions with any Singapore involvement totalled US $35.0b in 9M23, marking a 65% YoY drop. 

The 9M23 record is also the lowest first nine-month total since 2013. Deal volume likewise declined in 9M23, dropping 1% YoY.

According to Refinitiv, deals involving a Singapore target dropped 70% YoY to US$10.2b despite a 13% increase in the number of announced deals. 

In the same period, inbound deals declined 66% to US$6.9 billion, whilst domestic deals fell 75% to US$3.3 billion.

Meanwhile, Singapore's outbound M&A totalled US$18.0 billion in 9M23, down 62% YoY.

Financials are the most targeted sector in Singapore by value, accounting for 35% of M&A involving a Singapore target so far this year. The high technology sector recorded the highest number of deals.

Based on preliminary data from Refinitiv, Deutsche Bank emerged as the top  M&A financial advisor for M&A deals with any Singapore involvement, with a 17% market share.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!