APAC deal volume dips 4.8% YoY
A total of 11,808 deals (mergers & acquisitions (M&A), private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region during January to October 2024, which was a year-on-year (YoY) decline of 4.8% compared to the 12,406 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database revealed that during January-October 2024, the number of private equity and venture financing deals YoY declined by 16.3% and 10%, respectively, during January-October 2024. Meanwhile, the M&A deals volume experienced a marginal YoY improvement during the review period.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The decline in deal activity in APAC was in line with the global trend wherein all the regions experienced fall in deal volume. However, the APAC region showcased relatively better performance and experienced only single digit decline whereas most of the other regions experienced double-digit declines. Notable among them are North America, Europe and South and Central America regions, which saw their respective deals volume fall by 13.9%, 10.8% and 20.1% YoY, respectively.”
This 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 an YoY increase in deal volume by 11.9%, 23.1%, 4.8%, 1.8%, and 12.4%, respectively, during January-October 2024. This has helped in minimizing the impact of decline experienced in other countries within the region.
Meanwhile, China, Singapore, Malaysia, Hong Kong and Indonesia experienced YoY decline in deal volume by 22.9%, 17.6%, 14.4%, 13.9% and 33%, respectively, during the review period.
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