Mergers and Acquisitions
Singapore’s Singtel sells 2.8% stake in Thailand’s Gulf Development for $775M, nears $7B asset recycling target
Singapore's Singtel has sold 2.8 percent of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion ($775 million), generating cumulative equity gains of approximately $109 million.
Singapore’s car marketplace Carro acquires Australian used car platform CarPlace, expanding to 8 markets
Carro, Asia Pacific's leading online automotive marketplace, has acquired CarPlace, a leading Australian used car platform operated by Autoleague, one of Australia's largest automotive groups, giving Carro a physical presence in three of Australia's four largest markets.
Taiwan’s QBit Semiconductor acquires 60% stake in Singapore’s SinChip to expand ASIC design services
Taiwan's QBit Semiconductor has acquired a 60 percent stake in Singapore-based SinChip Technology, as part of a push to expand its application-specific integrated circuits (ASIC) design services into Edge AI, high-performance computing, optical communications, and automotive sectors.
Silicon Valley’s BizLink to acquire Singapore-Based Interplex Datacom from Blackstone for $900M
Silicon Valley-based BizLink Holding is set to acquire Interplex Datacom, a Singapore-headquartered division of Ennovi held by Blackstone, in an all-cash transaction valued at $850 million plus up to $50 million in contingent consideration,
Australia’s Tuas ends $1.1B M1-Simba telco merger in Singapore
Australia's Tuas Limited, the parent firm of Singapore telecommunication heavyweight Simba Telecom, has terminated the merger between Simba and M1.
Singapore suspends review of proposed $1.1B M1-Simba telco consolidation
Singapore's Infocomm Media Development Authority (IMDA) has suspended its assessment of the proposed consolidation between M1 and Simba worth S$1.43 billion ($1.12 billion), pending the outcome of an investigation into Simba’s use of radio frequency spectrum.
Singapore’s Oneteam secures financing from GB Helios, completes second acquisition
Oneteam, a Singapore-headquartered small and medium-sized enterprise (SME) acquisition platform focused on succession solutions, announced Wednesday it has secured a dedicated merger and acquisition (M&A) financing facility from Polaris, the alternative financing arm of GB Helios, which formed part of the financing for its second acquisition completed…
TNGlobal Tracker: Southeast Asia Monthly Funding Snapshot – July 2025
The SEA Monthly Funding Tracker for July 2025 revealed a sharp pullback in startup investment activity across the region. Total funding in July 2025 fell to $68.0 million across 12 rounds, a 77.08 percent decrease from June 2025 ($296.7 million) and a 76.68 percent drop year‐on‐year compared to July 2024 ($291.6 million).
Singapore’s super app Grab looks to strike deal to acquire Indonesia’s GoTo in 2Q – report
Grab Co-Founder and CEO Anthony Tan declined to comment to TNGlobal's query on Grab-GoTo merger news when asked at GrabX event in Singapore last month.
Behind the scenes of Synagistics’ historic de-SPAC listing
For Synagistics, its de-SPAC last October represented a strategic opportunity for the Singapore-based data-driven digital solutions provider. Co-founder Zanetta Lee said the listing gave it a platform to grow its business in both Southeast Asia and Greater China.
