GlobalData reports that the Asia-Pacific (APAC) region recorded 11,808 deals, including mergers and acquisitions (M&A), private equity and financing deals between January and October 2024, marking a 4.8% year-on-year (YoY) decline ) from 12,406 deals in 2023.
According to Aurojyoti Bose, Lead Analyst at GlobalData, this decline is in line with global trends, where some regions experienced double-digit YoY declines, including North America (13.9%), Europe (10.8%), and South and Central America (20.1) %).
Analysis of the Deal Database revealed that between January-October 2024, the number of private and corporate finance deals YoY decreased by 16.3% and 10%, respectively. However, M&A deal volume had a slight YoY improvement during the review period.
Bose noted: “The APAC region showed the best performance and experienced single-digit declines while most other regions experienced double-digit declines.”
This, says GlobalData, can be attributed to the development of the contract work experienced in other APAC countries.
For example, India, Japan, Australia, South Korea, and Thailand saw a YoY increase in deal volume of 11.9%, 23.1%, 4.8%, 1.8%, and 12.4%, respectively, during January-October 2024. Significantly, this has helped to reduce the impact of the downturn in other countries within the region.
On the other hand, markets such as China, Singapore, Malaysia, Hong Kong and Indonesia saw a YoY decrease 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 financial firm JP Morgan topped the list by advising on transactions worth $236.6bn in the first half of 2024, while investment bank Houlihan Lokey led by deal volume, advising on 119 deals.
“In Data: APAC fares well amid global contract activity slowdown” was originally developed and published by Just Style, a brand owned by GlobalData.
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