In 1Q2024, deal activity dropped 46% q-o-q to US$1.4 billion, with deal value back at the same level as 1Q2023.
Stock exchanges in Southeast Asia need to strive to build their velocity, liquidity and depth in order to move the region’s private equity (PE) market forward, says Bain & Company’s head of Southeast Asia PE practice Usman Akhtar.
This is amid continued decline in overall deal value, which fell 39% to US$9 billion ($12.11 billion) in 2023 compared to the previous five year average of 2018 to 2022, according to Bain’s Southeast Asia Private Equity Report 2024. Deal volume dropped 24% in the same period.
