PE buyout value by sector in Asia-Pacific (US$ million), Q1-Q3 2025 vs. Q1-Q3 2024
The consumer space, by contrast, saw year-on-year deal value for the first nine months climb from just US$5.5 billion in 2024 to US$16.8 billion in 2025, with Temasek’s minority investment in Indian snacks and sweets business Haldiram’s, valuing the business at US$1 billion, boosting total deal value for the sector. Transaction volumes in the real estate sector dropped dramatically as higher rates and financing costs, China’s property woes and regulatory/geopolitical uncertainty created valuation gaps, delaying deals and dampening investor risk appetite. As with overall deal figures, however, sector buyout numbers do have to be interpreted in a regional context, with sector deal drivers varying between APAC jurisdictions. “In Japan, there’s a focus on corporate carve-outs and succession solutions; in India, the priority sectors are financial services, digital infrastructure, healthcare and energy transition; in China, data and cyber are busy areas; while the Philippines has opened up various sectors to foreign investment and Indonesia has put an incredibly investor-friendly regime in place,” Pedersen says. Outlook Looking ahead to 2026, APAC dealmakers will be focused on securing more exits to accelerate distributions to investors. “The top priority for APAC GPs will be to drive liquidity and orchestrate exits across all channels, including trade sales, selective IPOs in jurisdictions like India and Japan, sponsor- to-sponsor deals and GP-led transactions,” Pedersen says. APAC deal markets will have to continue adjusting to changes in global trade dynamics and making use of diverse deal structuring tools to achieve these objectives. “Dealmakers will have to be creative to land bespoke exits. I expect that we will see the use of several innovative structures to ride the wave,” says Pedersen. Sponsors with strong track records in the region, however, are well placed to benefit from encouraging tailwinds set to buoy APAC dealmaking in the year ahead and beyond. “This is a very interesting time for APAC PE. There is a wave of change sweeping through corporates and family- owned entities in the region, which will spur carve-outs, family sell downs and succession solutions,” Pedersen says. “These dynamics will help to fill deal pipelines and open up interesting deal flow for PE firms.”
TMT
ș20,580
ș27,321
IndustriǸls & ChȃmicǸls
ș20,140
ș10,728
Consumȃr
ș16,779
ș5,463
PhǸrmǸ, MȃdicǸl & Biotȃch
ș13,105
ș14,611
FinǸnciǸl Sȃrvicȃs
ș9,505
ș6,505
EnȃrȌy, MininȌ & Utilitiȃs
ș8,529
ș4,357
Businȃss Sȃrvicȃs
ș8,426
ș22,226
RȃǸl EstǸtȃ
ș2,548
ș12,770
Construction
ș2,527 ș2,753
TrǸnsportǸtion
ș2,164 ș2,399
AȌriculturȃ
ș1,555
ș183
Lȃisurȃ
ș1,168
ș2,192
Dȃfȃnsȃ
ș504
ș390
Govȃrnmȃnt
ș152 ș105
Othȃr
ș19 ș8
Q1-Q3 2025 Q1-Q3 2024
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