According to GlobalData, publisher of RBI, a total of 7,966 deals (mergers and acquisitions, private equity and venture capital transactions) were announced in the Asia Pacific (APAC) region during January-July 2024, a decline of 9.9% compared to the 8,840 deals announced in the same period last year.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The subdued deal activity remained a global phenomenon with all regions, including APAC, seeing a decline in deal volume. However, the decline in the APAC region was relatively less compared to other regions.”
While APAC was the only region to record a single-digit decline in deal volume
In other regions (North America, Europe, the Middle East and Africa, and South and Central America), deal volume declined 19.6%, 16.9%, 11.7% and 27.7% year-on-year respectively during the January-July 2024 period.
Bose added: “While most markets in the Asia Pacific region saw a decline in deal volume, the impact was offset to some extent by improvements in markets such as India, Japan and Thailand.”
China, Australia, South Korea, Singapore, Malaysia, Hong Kong and Indonesia saw deal volumes decline by 21.1%, 2.6%, 1.3%, 23.7%, 14.5%, 17.2% and 32.2% YoY respectively in January-July 2024. In contrast, India, Japan and Thailand saw their deal volumes improve by 2.4%, 5.7% and 8.5% YoY respectively.
Analysis of GlobalData’s Deals Database found that all deal types covered recorded a decline over the assessment period, with the number of M&A deals falling 8.3% YoY, while private equity deal volumes and venture financing deals declined 25.4% and 10.9% YoY, respectively.
“APAC deal activity fell 9.9% year-on-year in January-July 2024, GlobalData shows” was originally created and published by Retail Banker Internationala brand of GlobalData.
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