As a comparison, within the larger Asia Pacific, Greater China saw the greatest fall in deal value at 53% while Australia-New Zealand, South Korea, Japan and India saw their deal values dropping by 48%, 39%, 28% and 25% respectively in 2022.
Southeast Asia private equity market’s long-term macro fundamentals remain strong despite an overall slowdown in deal activity last year, according to Bain & Co’s Southeast Asia Private Equity Report 2023.
According to the report, deal value in Southeast Asia fell 52% y-o-y in 2022 to US$13 billion, while deal count declined 15% y-o-y to 176. Activity in the region was strong in the first half of the year — matching 2021 activity levels — before falling in the second half.
