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

By: Alternatives.pe

Southeast Asia M&A Deals

SATS (Thailand) Co., Ltd., a Thailand-based producer and supplier of ready-to-eat meals, and SATS Investments Pte Ltd, a Singapore-based investment holding company, have acquired the remaining 15% stake SATS FOOD SOLUTIONS, a distributor of long-shelf-life, ready-to-eat meals in Thailand, from Bangkok Ranch PLC for USD 2.5 million.

PT Bundamedik Tbk, a listed hospital operator in Indonesia, has acquired 99.9% of

MEDIKA SEJAHTERA BERSAMA, an operator of a private hospital in Surabaya, Indonesia, in a transaction valued at USD 2 million. This acquisition aims to create a more integrated healthcare service and expand PT Medika Sejahtera Bersama’s market share.

VCI Global Limited, a diversified investment holding company, has acquired 100% of

ROOTS DIGITAL, a digital marketing consultancy firm, for USD 2 million as part of its expansion into the Singapore market.

TVD Holdings Public Company Limited, a Thailand-based holding company focused on investments in TV production and advertising, acquires the remaining 45% stake in

TVD BROADCAST from SRK Multimedia Public Company Limited through its indirect subsidiary TVD Link Company Limited. TVD Holdings PCL acquired the shares for USD 570K. The move aims to help TVD Holdings PCL expand into the radio and TV broadcasting business.

YY Group Holding Limited, a Singapore-based data and technology-driven company that specializes in creating enterprise intelligent labor matching services and smart cleaning solutions, has acquired

PROPERTY FACILITY SERVICES, a property and facility management company with over 150 projects under its management. This strategic acquisition strengthens YY Group’s position in the integrated facility management industry and lays the groundwork for a transformative approach to facility management services.

 

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REVENUE UPDATES

SINGAPORE SATORI, a Singapore-based wholesaler of electronics and electronic components, reached USD 102 million in revenue for the FY ending in May 2024, a 346% year-on-year growth. Meanwhile, its EBIT went from making losses in May 2023 to a positive in May 2024, showing over 200% growth.

Comparable Companies:

  • TG TNFOTECH – Q4 2023 Revenue USD 4 million (236% growth)
  • RECOM – Q4 2023 Revenue USD 4 million (105% growth)
  • TNG VIET NAM TECHNOLOGY – Q4 2023 Revenue USD 1.7 million (103% growth)

SATS FOOD SOLUTIONS, a Thailand-based manufacturer of long-shelf-life, ready-to-eat meals that was recently acquired, reached a revenue of USD 9 million for the FY ending in March 2024, a 110% growth compared to the previous year.

Comparable Companies:

 
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