Mark Webster and ‘Asian GPs hope for a SEA change’

Mark Webster, Head of Singapore, BDA Partners, was quoted in Private Equity International:

It’s “unrealistic” to expect to find the same number of $1bn-plus deals in SE Asia as you find in the Western markets. One of the reasons for this is the fragmentation and scale of the region. There are not enough regional platforms that can navigate the nuances of SE Asia and address the demand for scale. “If your pan-SE Asia business is a properly integrated entity enjoying economies of scale, then that’s the dream. But not all can live up to that standard. They can try and project that image, but if you look under the hood, investors could discover there’s still work to do in terms of truly integrating a business that’s been built up by acquisitions across different geographies.”

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