Southeast Asia Private Equity Pulse: Q1 2025

Southeast Asia private equity demonstrates strong activity in Q1 2025, while headwinds build.

Southeast Asia (SEA) saw a good start in private equity (PE) in 2025, compared to the previous year. Deal value surged 5.5x year-on-year, while deal volume saw a modest 1.2x increase. In Q1 2025, PE deals accounted for 20% of total mergers and acquisitions (M&A) deal value across the region.

There were 14 deals deploying over US$2b in capital. This was primarily driven by two large-ticket investments (i.e., deals valued above US$500m), contributing to approximately 77% of total deal value.

The energy sector accounted for 49% of total deal value, followed by consumer (28%) and financial services sectors (15%).

The region recorded five exits, generating US$679m in realized proceeds. Notably, Q1 2025 saw the first PE-backed IPO since 2023. 

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