M&A in Southeast Asia - 2026 Q2

(Originally published on July 1, 2026)

Q2 has seen five deals announced across Southeast Asia. Of these, two were in Indonesia, one in Malaysia, one in Myanmar, and one corporate transaction involving assets in Vietnam.

Transaction values were disclosed for all five deals, with a combined value of US$963 million. It should be noted that the Ratio / Pharos deal has been excluded from the chart below as it is not purely a Southeast Asia deal and has therefore been classified as a global deal. However, we have included it in the totals in the text.

The rolling deal count for 2026 stands at ten deals with a total deal value of US $966 million (from the 8 deals with a visible value). By comparison, after Q2 2025 we had seen thirteen transactions and a total deal value of US $584 million (from six deals with a visible value).