THE ALTERNATIVE VIEW
Private Equity and M&A – Southeast Asia

By: Alternatives.pe

Southeast Asia M&A Deals

Cuscaden Peak Investments Private Limited, a real estate investment trust manager, has agreed to acquire 100% of PARAGON REIT, a REIT that has interests in Singapore’s Paragon and Clemeti Mall, as well as Westfield Marion in Australia, privatizing the company. Cuscaden Peak Investments Private Limited agreed to acquire Paragon REIT for a cash consideration of USD 2 billion.

Plan B Media Public Company Limited, a Thailand-based out-of-home media provider, has acquired a 100% stake in

HELLO BANGKOK LED, an advertising company specializing in outdoor advertising LED boards, from Roctec Global Public Company Limited and Win Harvest International Limited for USD 118 million. Plan B’s acquisition of Hello LED adds 178 billboards placed in high-traffic areas, strengthening its position in Thailand’s growing digital and static billboard market.

Chiu Joon Sun has entered into an agreement to acquire 51% of 

ONEAPEX CAPITAL, an independent investment management group based in Singapore, from OneApex Limited.

Asian Paints International Pte. Ltd., a multinational paint company from India, has ended its operations in Indonesia after nearly a decade of business. Asian Paints International Pte. Ltd. will dispose of its shares in its two Indonesian subsidiaries,

ASIAN PAINTS INDONESIA and ASIAN PAINTS COLOR INDONESIA, to Berger Paints, a subsidiary of Australia’s Omega Property Investments. Under the disposal agreement, Berger Paints will acquire 100% of PT Asian Paints Indonesia and PT Asian Paints Color Indonesia for a total of USD 5.5 million.

 

Subscribers receive exclusive access to top-line financials and cap tables of hundreds of thousands of private companies in Southeast Asia with over USD 1 million revenue.
 

Access the largest dataset of Family Office data for Singapore.

Register now for a demo or sign up for a free trial, no credit card required. 

 

REVENUE UPDATES

UBISOFT SINGAPORE, Singapore’s branch of Ubisoft, a France-based video game developer, reached close to USD 45 million in revenue for the FY ending in March 2024, showing a 25% decline from the previous year. Its EBIT dropped by 48%, reaching USD 2.8 million.

Comparable Companies:

SUMITOMO PHAMRACEUTICALS ASIA PACIFIC, Singapore’s branch of Japan’s Sumitomo Pharmaceuticals, a trading company engaged in pharmaceuticals and medicinal products, reached a revenue of USD 42 million for the FY ending in March 2024, a 75% year-on-year growth.

Comparable Companies:

 
Subscribers can see the full financials for these and many other companies.
 

SEA TECH & VC NEWSLETTER

We are also covering the startups in Southeast Asia. To find out why the best investors use Alternatives.pe. Click the button below to subscribe to our Southeast Asia newsletter.