Deal flow to improve in South-East Asia

M&As and capital market activities are expected to ramp up as macro clouds begin to lift, and companies have greater clarity on central bank actions and the global economy. — Reuters

SINGAPORE: The appetite for dealmaking and fund raising in Singapore and the larger South-East Asian region may improve later this year to next year as companies review their portfolios and pursue acquisitions to plug strategic gaps, according to bankers and financial advisers.

PwC, one of the big four consultancy firms, said in its mid-year review that merger and acquisition (M&A) activity ahead might not all be eye-catching mega deals, given recession fears and rising interest rates, but smaller deals that could also drive transformation and growth.