Thai M&A enjoys healthy growth

Kanika Saigal
Published on:

M&A in Thailand has enjoyed unprecedented levels of activity recently. Hungry for assets, Thai companies are looking abroad for their acquisitions. According to UBS, M&A transactions involving Thai corporations have grown from an average of $3.7 billion a year to a record $18.7 billion in 2012.

The risk appetite of Thai companies has changed dramatically since the Asian financial crisis in 1997, when the need to survive in dire conditions trumped expansion. Now that companies have got their balance sheets in order and are supported by strong economic growth, many are looking for cheap assets arising from the eurozone debt crisis.