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Around Asia Pacific - Singapore

18 July 2016

"Around Asia Pacific" is Hogan Lovells' periodic overview of the private equity landscape in Asia Pacific. Previous editions have covered Greater China (including Hong Kong), Vietnam, Malaysia and Indonesia, and in this edition we turn our attention to Singapore.

Around Asia Pacific - Singapore

Over the past year, while China has experienced a continued economic slowdown, deal activity in the Asia Pacific region has been robust, in terms of value and volume, with public-to-private and digital technology deals dominating activity in China and India.  

In Southeast Asia, deal activity was less spectacular, with increased competition in what is already a crowded market and a significant chunk of dry powder (about two years' worth of investment, according to a report by Bain & Company), meaning more desirable assets are likely to have been overvalued.   

Investor sentiment across the Southeast Asia region is positive, with Asian-backed private equity firms continuing to break fundraising records (for example RRJ Capital raised US$4.5 billion in September 2015).  

In Singapore, we have seen activity in the engineering, technology, consumer and electronics sectors. We expect to see a continuation of counter-cyclical opportunities arising in the oil and gas sector owing to low commodity prices and uncertainty in the industry.

You can read our full review of the market here.

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