Deal Desk

M&A deals, 11 November 2026

11 November 2026 · 4 deals

Our view: across these deals, buyers are paying for established operating businesses with real regional capability, so founders in Southeast Asia should build clean accounts, secure ownership rights and plan their exit on their own terms.

1. Southeast Asia · Energy and offshore services · about RM8bil

   MISC-led consortium proposes to take Yinson private at RM2.50 a share

   A consortium of Yinson Legacy Sdn Bhd, MISC Bhd and the Employees Provident Fund Board has proposed to take Yinson Holdings Bhd private at RM2.50 per share in cash, valuing the company at about RM8bil and implying an enterprise value to EBITDA multiple of 8.72 times. The offer is a 16.28% premium to the last traded price of RM2.15 on 28 August 2026 and is subject to shareholder approval and High Court sanction, among other conditions.

   The Growth Alliance Capital view

   a founding family teaming up with a strategic and a pension fund to delist shows that private ownership can be the better home for capital-heavy, contracted businesses. The 8.72 times EBITDA reference point is a useful marker for what patient strategic capital will pay for long-dated cash flows in the region.

   Source: The Star

2. Southeast Asia · Fuel retail · $14.2 million

   BP sells its 49.9% stake in Indonesian fuel retail venture to AKR Corporindo

   BP Global Investments, a subsidiary of BP plc, is selling its entire 49.9% stake in PT Aneka Petroindo Raya, the joint venture that operates the BP-AKR fuel station network, to subsidiaries of AKR Corporindo for $14.2 million. The share purchase agreement was executed on 6 November and takes the AKR group from 50.1% to 100% of the venture.

   The Growth Alliance Capital view

   multinationals simplifying their portfolios are handing local partners full control of Southeast Asian businesses, often at modest prices. Founders in joint ventures with global groups should keep buyout rights and pricing mechanics current, because the exit decision is usually taken far from the local business.

   Source: Jakarta Globe

3. Southeast Asia · Logistics and industrial real estate · approximately US$500 million

   CTP agrees to buy SLP logistics portfolio and platform in Vietnam from Ares

   CTP N.V. has agreed to acquire 100% of the South-East Asia Logistics Partners (SLP) portfolio and operating platform in Vietnam from Ares Management Corporation for approximately US$500 million, covering seven standing assets of 504,000 sqm NLA and six development sites. Over 55 employees will move to CTP, and completion is expected in the coming months, subject to agreed conditions.

   The Growth Alliance Capital view

   the buyer is paying for a ready-made Vietnamese team, tenant book and pipeline rather than building from scratch, which is what platform value looks like in practice. Founders of logistics and industrial service businesses that benefit from supply chains moving out of China should expect buyers to price operating capability, not just assets.

   Source: Business Wire via FinanzNachrichten

4. Asia · Technology distribution · NZD$138.0 million

   Dicker Data completes acquisition of Sektor Group

   Dicker Data completed its acquisition of 100% of Sektor Group Ltd on 2 November 2026 for NZD$138.0 million on a cash free, debt free basis, funded by an extension of its existing debt facilities. Sektor adds point-of-sale and enterprise mobility products and an operational footprint in Thailand and Malaysia, with unaudited normalised EBITDA of NZD$22.7 million in the 12 months to 31 August 2026.

   The Growth Alliance Capital view

   Australian distributors are buying a Southeast Asian footprint rather than building one, and the Thailand and Malaysia operations were part of the attraction. At roughly six times the stated trailing normalised EBITDA and funded entirely with debt, the deal points to disciplined pricing in distribution; founders with clean accounts and real regional reach are best placed.

   Source: StockWireX

Deal Desk summarises publicly announced transactions from the sources linked. "The Growth Alliance Capital view" is our opinion, not investment advice, and implies no involvement in any transaction mentioned.