Private equity deal value in Southeast Asia fell in Q2 2025; deal volumes rose 10% year-on-year, but average sizes dropped without mega deals.
Private equity (PE) deal value in Southeast Asia (SEA) continued its declining trend in Q2 2025. While deal volumes were up 10% year-on-year, average deal sizes were down significantly due to the absence of mega deals as seen in 2024.
The region recorded eight exits during the quarter. IPO activity remained muted. Secondaries are gaining traction driven by rising liquidity requirements. The region witnessed two such deals by Navis Capital Partners (CIA First International School and Ambassador Education Group).
Three SEA-based PE funds were closed during the quarter, raising US$1.9b of capital. Notably, pan-Asia-Pacific strategies are gaining share in 2025, reflecting a strategic shift towards broader regional plays.
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