Corporate buyers are returning to the healthcare sector to acquire bolt-on targets as valuations cool amidst a challenging private equity exit environment.
The sector’s deal value in the first four months of 2024 is already above its 2023 record of US$464m. Apart from technology, Loveless points to the energy sector as a main driver for M&A activity in Singapore. In 2023, financials was also amongst top industries by deal value, bolstered by Japan-based Sumitomo Life’s acquisition of Singapore Life Holdings.Tan said Japanese investments and acquisitions in Singapore have been on the rise as companies in the East Asian country seek diversification and growth opportunities outside Japan.
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