Singapore’s M&A market in 2026 is driven by a surge in private capital, with strong activity in high-tech, real estate, and renewable energy, often focusing on mid-sized deals ($1B–$3B). Despite a lower overall deal count, target-Singapore activity and inbound investments have risen, with 98% of surveyed executives planning transactions, including 40% targeting divestments or IPOs.

Outlook:
While 2025 saw a dip in total deal volume due to global volatility, the outlook for 2026 remains cautiously optimistic, supported by anticipated lower interest rates, which are expected to boost deal-making.

Key M&A Trends in Singapore (2025–2026):

• Private Capital Powerhouse: Private equity, credit, and family offices are driving deals, with private capital expected to grow to US$23 trillion by 2029.
• Focus on Mid-Sized Deals: A shift away from “mega-deals” towards transactions in the US$1B–$3B range is notable in digital infrastructure, banking, and AI.
• High-Tech & ESG Drivers: The technology sector, particularly AI, data centres, and fintech, leads in value, often alongside a strong emphasis on sustainability and ESG factors.
• Regional Hub Status: Singapore remains a prime location for, and source of, complex, cross-border M&A in Southeast Asia.
  Inbound Strength: Inbound transactions saw significant growth, rising 38.4% to $21.78b in the first three quarters of 2025, demonstrating strong international confidence.
• Increased Regulatory Scrutiny: The Significant Investments Review Act 2024 (SIRA) (effective March 2024) imposes new notification and approval requirements for investments in entities critical to national security.

Top Sectors for M&A Activity:

• High Technology: Led with $10.57b in value (54.1% rise) in early 2025.
• Real Estate: High value, including significant portfolio realignments.
• Energy & Power: Strong interest in renewable energy and sustainable projects.
• Financial Services: Ongoing consolidation and digital adoption.