Corporate M&A 2020

1. Trends

1.1 M&A Market

Investors have maintained their appetite for Indonesia's technology, media and telecom (TMT) sector, rea. There has continued to be significant growth in the number of start-ups established across various sectors. One particular trend is online app-based start-ups, many of which are looking for venture capital as a strategic option to finance their growth. Several start-ups in Indonesia have achieved unicorn status including Gojek, Tokopedia, Traveloka and Bukalapak. Outside of the tech space, specific traditional sectors, such as banking and finance and logistics, have continued to see realised deals. Another area of activity concerns government-initiated holding company projects. After completing, in December 2018, the creation of the Indonesian Oil and Gas Holding State-Owned Enterprise, Indonesia's largest state-owned holding company, the culmination of several years of work, the government has expanded this campaign to include