INTHEBLACK June 2026 - Magazine - Page 45
“Interestingly, while larger deals (above US$30 million)
saw a modest 2 per cent increase [in 2025], the volume
of strategic deals remained broadly flat [in South-East
Asia]. So, while the market did not collapse, we saw
a move toward smaller-ticket transactions, a more
selective approach and less reliance on megadeals.”
ANDREW HENG FCPA, BAKER TILLY MALAYSIA
ASIA M&A DEAL VALUE
Data supplied by Baker Tilly shows Singapore stood out as the regional leader
in 2025, with 336 deals totalling US$31.7 billion (A$44.07 billion). Malaysia was
next, followed by Vietnam, Indonesia, the Philippines and Thailand. Laos and
Cambodia remain small contributors with limited pipeline depth.
M&A DEAL VALUE (US$)
NUMBER OF DEALS
SINGAPORE
INDONESIA
$31.7b
MALAYSIA
$7.3b
$6.2b
102
PHILIPPINES
147
VIETNAM
$6.9b
336
$4.6b
74
THAILAND
94
$4.2b
101
intheblack.cpaaustralia.com.au 45
