Insights
Deal Drivers: APAC Q3 2025
November 10, 2025 (Last updated November 11, 2025) | Report
Deal Drivers: APAC Q3 2025
Highlights:
- Markets steadied after April’s tariff flare-ups as inflation eased, and most regional central banks held or cut rates
- Technology, media, & telecoms remained the largest by volume with 575 deals, and financial services was the only major sector to grow in value to touch US$25.9bn
- Deal activity concentrated where operating cash flows, governance readiness, and regulatory visibility aligned
- M&A in industrials & chemicals clustered around components, specialty materials, and logistics/warehousing platforms
In partnership with Mergermarket, a service of ION Analytics
APAC M&A in the third quarter is set against a steadier macro backdrop: markets calmed after April’s tariff flare-ups as inflation eased and most regional central banks held or cut rates.
China edged forward on targeted fiscal support and a modest export rebound. India remained the bright spot with IMF-projected 6.6% GDP growth, while Southeast Asia benefited from supply-chain reconfiguration tailwinds.
Dealmakers across the region then “paused for breath” as momentum cooled. Aggregate value came in at US$215bn, down 27.7% quarter-on-quarter on 2,462 deals, even as year-to-date value rose 45.5% versus Q1–Q3 2024.
Navigate the APAC deal market armed with information on new opportunities and trends. Download Deal Drivers: APAC Q3 2025 today.
What's Inside?
- APAC M&A Market Summary and Outlook
- M&A Market Spotlight on:
- Indonesia
- Philippines
- M&A Deal Drivers in:
- Greater China
- South Korea
- Japan
- India
- Southeast Asia
- Australia & New Zealand
- Top 10 announced deals by region and subregion
- Top deals by volume and value
- Top bidders by volume and value
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