SINGAPORE (Oct 24): Q3 was a quarter of top deals for Southeast Asia, spiking 81.8% on-year to US$26.7 billion ($36.3 billion) across 97 deals, according to Mergermarket’s latest Southeast Asia M&A trend report Q1-Q3 2017.

The study also reveals that three of the region’s top five deals in the year to date (YTD) were logged in the third quarter, namely Global Logistic Properties’ (GLP) US$15.9 billion takeover and Grab’s US$2 billion acquisition – both of which are headquartered in Singapore – as well as a consortium’s August acquisition of a 47.5% stake in Energy Development Corporation for US$1.3 billion.

These latest figures bring the value of mergers and acquisitions (M&A) in Southeast Asia from Q1-Q3 to US$53.5 billion, 23.1% above the value recorded over the same period a year ago.

Over the last three quarters this year, about US$41.3 billion were inbound, over twice of the US$16.9 billion recorded in the previous year, with most of the investments from Greater China as Chinese bidders accounted for 63.5% of the overall inbound value.

Outbound M&A rose 12% by value to US$11.3 billion across 105 deals YTD, compared to US$10.1 billion across 103 deals in 1Q-3Q 2016. The latest deals include DLF Cyber City Developer’s 33.34% stake sale to Singapore’s sovereign fund GIC for US$1.4 billion in August.

Transport was the top sector by value by recording US$18.7 billion deals in the YTD, representing a more-than-fivefold jump from a year ago with the GLP deal and HNA Holding’s US$21.billion investment in CWT Limited leading the way.

Meanwhile, Singapore topped the charts in terms of deal count and value in Southeast Asia and is seconded only by Indonesia with four deals worth US$1.5 billion.