M&A Pulse in APAC

The Asia Pacific M&A Newsletter
brought to you by
Natixis CIB, Vermilion Partners and Azure Capital

Issue 10

EDITORIAL

The Investment Mosaic of 2024

We are delighted to publish the 10th issue of the M&A Pulse in APAC magazine and decided to take this opportunity to share our thoughts on the M&A trends we are likely to see in the year ahead. It is our firm belief that 2024 is set to be a year unlike any other in recent memory, with an intricate set of themes that could pull dealmaking in several directions.

Asia Pacific M&A: Green shoots for optimism

Looking toward 2024 and beyond, we think we will continue to see the theme of embracing uncertainty with cautious optimism. Don’t let the much talked about M&A market upturn surprise you in the not-to-distant future - be optimistic with a vision.

2024 OUTLOOK....
 

China M&A: Resilience in the Year of the Dragon

1 min.

China’s central government has made it clear that economic stability and growth are top priorities for 2024. This backdrop will have a number of implications for inbound and outbound M&A, as well as restructurings in the Year of the Dragon.

Australian M&A: Market to warm up in 2024

1 min.

The Australian M&A market was subdued during 2023 but we expect conditions to become more balanced in 2024, with corporate buyers becoming more active as equity markets support inorganic growth opportunities. Mining, infrastructure and renewables are in focus.

Southeast Asia M&A: Poised for a comeback in 2024?

2 min.

Despite M&A deal volumes declining in 2023, Southeast Asia has been a bright spot in the Asia Pacific M&A market and we believe it’s poised for an uptick this year, particularly in the renewables, healthcare, financial services and digital infrastructure space.

US M&A: Headwinds easing

1 min.

As we enter the new year, there are signs that some of the headwinds that buffeted the US M&A market in 2023, are easing. Barring any exogenous events in Q1, many expect M&A to pick up in the new year, particularly in tech, healthcare and infrastructure.

Renewables: The bright spot in APAC M&A

1 min.

The APAC renewables sector has seen robust growth over the last two years and was a bright spot in M&A in particular. As governments and the private sector intensify their efforts to meet clean energy targets, this will help support deal flow.

Metals & Mining: Shifting gears

1 min.

2024 promises a shifting gears moment for metals and mining. While demand rises on China's stimulus and global recovery, uncertainties like potential recessions and geopolitical tensions cast shadows.

Telecoms & Tech: Data Centers in spotlight

2 min.

Asia Pacific is witnessing massive digitalization of consumer lifestyles and enterprise sectors, which hinges on the availability of critical digital infrastructure. In this context, we see the region’s data center segments as a bright spot for Tech M&A activity in 2024.

Healthcare: No signs of slowing down

1 min.

The APAC Healthcare sector demonstrated remarkable resilience in the face of macro volatility last year. We anticipate this trend to continue into 2024, with several key themes on the business and investment side driving deal flow.

ECONOMIC SPOTLIGHT

Alicia Garcia Herrero, Chief Economist, Asia Pacific, Natixis, and the Asia Pacific Research team

Asia 2024 Outlook: Asia's resilience in the face of China structural slowdown

The great expectations of China acceleration lifting the rest of the region were met with disappointment for most of 2023 as Chinese demand underwhelmed, plagued by real estate woes and weak investment. Moving forward, we expect emerging Asia to continue to do well while China returns to its deceleration path. 

Further Reading 

DEAL SNAPSHOT
 

NEW FACES
 

Abbas Rangwala

Abbas Rangwala

Head of M&A, Southeast Asia
& India, Natixis CIB

Michael Zhang

Michael Zhang

Partner, Head of Outbound
Vermilion Partners

Matthew Tissiman

Matthew Tissiman

Analyst
Azure Capital

Douglas Campbell

Douglas Campbell

Analyst
Azure Capital

NETWORK IN THE NEWS

Natixis Expects More $1-Billion-Plus M&A Deals in India

Raghu Narain appeared on Bloomberg TV to share his views on why dealmaking activity in India is set to increase , as its economy has entered into a “Goldilocks period.”

Asia renewables are bright spot on M&A horizon

Jonathan Tse, shared his views on the outlook for renewables M&A in Asia Pacific, and why the sector is set for continued robust growth.

Middle East money fuels China M&A

Miranda Zhao shares her views on the increase in dealmaking activity between China and the Middle East , and how this trend will evolve.

Natixis CIB names M&A head for SE Asia, India

News of Natixis CIB's appointment of Abbas Rangwala as Head of M&A for Southeast Asia and India.

Indian banks set to attract foreign investment on solid metrics, growth market

Raghu Narain spoke about the secular themes which are driving investor appetite towards India banks. 

M&A in 2024: Rising optimism while navigating a ‘new norm’

Miranda Zhao participated in the FT's Global M&A Outlook Series to discuss what's in store in for M&A in APAC in 2024.

Mergermarket M&A Forum Hong Kong 2023

Raghu Narain, Miranda Zhao and Anurag Poddar participated on several insightful panels at the Mergermarket M&A Forum in Hong Kong.

How Asia is reinventing its economic model

Raghu Narain shared his insights with The Economist and the Straits Times on the rise of intra-regional M&A within Asia Pacific.

Leichhardt secures key asset in Western Australia

Azure Capital advised Leichhardt on its acquisition of the Lake MacLeod salt operations from Dampier Salt Limited.

More infra, credit M&As in store after BlackRock-GIP deal

Miranda Zhao shared her views on the current market environment for M&A in the asset management industry.

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