Singapore Becomes Hot Spot for M&A Bankers Hunting Deals (1)

Singapore has turned into a hive of activity for mergers and acquisitions this quarter as investor confidence returns, helped by relative economic and political stability.

The flurry of action in just the past few days includes a KKR & Co.-Singapore Telecommunications Ltd. consortium agreeing to invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres, beating other global investors. More are likely coming, including Europe’s biggest insurer Allianz SE discussing a possible tie-up with Income Insurance Ltd. Separately, Hillhouse Investment is in talks to acquire Dulwich College International’s schools, Bloomberg News has reported.

Martin Siah

Source: Bank of America

The city-state ...