GlobalData reports that the Asia-Pacific (APAC) region recorded 11,808 deals, including mergers & acquisitions (M&A), private equity and venture financing deals between January and October 2024, marking a 4.8% year-on-year (YoY) drop from 12,406 deals in 2023.
According to Aurojyoti Bose, lead Analyst at GlobalData, this decline aligns with the global trend, where other regions faced steeper double-digit YoY decreases, including North America (13.9%), Europe (10.8%), and South and Central America (20.1%).
Analysis of the Deal Database revealed that during January-October 2024, the number of private equity and venture financing deals YoY declined by 16.3% and 10%, respectively. However, M&A deal volume experienced a marginal YoY improvement during the review period.
Bose noted: “The APAC region showcased relatively better performance and experienced only single-digit decline whereas most of the other regions experienced double-digit declines.”
This, GlobalData said, could be attributed to the improvement in deal activity experienced in some of the APAC countries.
For instance, India, Japan, Australia, South Korea, and Thailand witnessed a YoY increase in deal volume by 11.9%, 23.1%, 4.8%, 1.8%, and 12.4%, respectively, during January-October 2024. Notably, this has helped in minimising the impact of the decline experienced in other countries within the region.
Conversely, markets like China, Singapore, Malaysia, Hong Kong and Indonesia saw YoY declines in deal volume by 22.9%, 17.6%, 14.4%, 13.9% and 33%, respectively, during the review period.
In July, GlobalData’s Deals Database found finance firm JP Morgan secured the top spot in deal value by advising on transactions worth $236.6bn in the first half of 2024, while investment bank Houlihan Lokey led 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 GlobalData owned brand.
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