Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Global | Publication | February 2023
Resilient dealmakers have emerged from the challenges of the last two years ready to take advantage of a public M&A market ripe with opportunity in the second half of 2023.
Market participants have shown remarkable optimism in the face of the most significant changes to underlying economic conditions in 2021 and 2022 since the global financial crisis.
If inflation is tamed in Australia without significant economic contraction, we expect more buoyant market conditions in the second half of the year to be accompanied by higher public M&A deal volumes. The opposite is at risk if high inflation and interest rates persist for longer than expected.
Some of our key predictions for how 2023 might unfold are outlined below.
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For reasons that dealmakers in the market are intimately familiar with, 2022 saw a noticeable decrease in the number of public M&A deals announced in Australia compared with the frenzy of 2021.
While large public M&A contracted, average deal value remained steady at just over AU$1 billion which was surprisingly strong given the year’s volatility.
Another stand out during 2022 were fewer instances of failed deals (4%, compared to 8% and 10% in the previous two years), while the percentage of actively withdrawn deals increased to 17% (from 10% and 13% in the previous 2 years). These figures support the trend amongst bidders for greater certainty in the outcome of their transactions.
Click here to read more detailed summary of 2022 deal trends.
Inbound investment
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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