GlobalData reports that the Asia Pacific (APAC) region recorded 11,808 deals between January and October 2024, including mergers and acquisitions (M&A), private equity and venture finance deals, down 4.8% year-on-year (year-on-year) from 12,406 offers in 2023.
According to Aurojyoti Bose, chief analyst at GlobalData, this decline is in line with the global trend, where other regions saw steeper double-digit year-over-year declines, including North America (13.9%), Europe (10.8%) and South and Central America (20.1%). %).
Deal Database analysis found that the number of private equity and venture financing deals fell by 16.3% and 10% year-on-year, respectively, in the January-October 2024 period. However, the number of mergers and acquisitions saw a marginal improvement year-on-year during the period under review.
Bose noted: “The APAC region performed relatively better, experiencing only a single-digit decline, while most other regions experienced double-digit declines.”
This could be attributed to the improvement in deal activity in some APAC countries, according to GlobalData.
For example, India, Japan, Australia, South Korea and Thailand witnessed year-on-year deal volume increases of 11.9%, 23.1%, 4.8%, 1.8% and 12.4% respectively in the period January-October 2024. This has particularly helped in minimizing the impact of the decline in other countries in the region.
Conversely, markets such as China, Singapore, Malaysia, Hong Kong and Indonesia saw year-on-year deal volume declines of 22.9%, 17.6%, 14.4%, 13.9% and 33% respectively during the period under review.
In July, GlobalData’s Deals Database found that finance firm JP Morgan secured the top spot in deal value by advising on transactions worth $236.6 billion in the first half of 2024, while investment bank Houlihan Lokey led the way in deal volume, advising on 119 deals .
“In data: APAC outperforms amid global decline in deal activity” was originally created and published by Just Style, a brand owned by GlobalData.
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