Signal Cross-border deals are 49.2% of value but 40.3% of transactions in the six

Summary

Cross-border mergers and acquisitions in the six Southeast Asian growth markets tend to be larger than domestic ones. From 2017 to 2024 they made up 49.2 percent of deal value but only 40.3 percent of the number of transactions. Indonesia split almost evenly between domestic and cross-border deals on both measures. Malaysia showed a similar split in value, but domestic deals dominated its deal count at 69.8 percent. The Philippines was the only country where domestic transactions led on both count and value.