In the Singaporean technology industry, there were 2 private equity deals announced in Q3 2023, worth a total value of $1.3bn, according to GlobalData’s Deals Database. The $806.2m acquisition of stake in Singapore Telecommunications by KKR was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Tech, Media and Telecom (TMT) Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity in Singapore increased by 1030% in Q3 2023 compared with the previous quarter’s total of $115m and rose by 553% as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter and was 67% lower than in Q3 2022.
The top-ranked legal advisorss supporting these private equity deals in Singapore Q3 2023 were Clifford Chance; Kirkland & Ellis; Latham & Watkins with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Tech, Media and Telecom (TMT) Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.