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Laxman Pai, Opalesque Asia:

Asia-Pacific mergers and acquisitions (M&A) deal volume saw a year-on-year increase by 3.43% from 2,711 to 2,804 for the coronavirus-hit first quarter (Q1) of 2020.

During the same period, deal value declined by 9.94% from US$128.3bn to US$115.5bn, said GlobalData.

JP Morgan has dominated the M&A financial advisers league table based on both deal value and volume during the review period. In terms of value, the American investment bank advised US$20.1bn worth deals in Q1 2020.

GlobalData confirmed that Deloitte occupied the second position with six transactions worth US$12.0bn.

JP Morgan stood at the second position in GlobalData's recently released global league table of top 20 M&A financial advisers.

In terms of deal volume, JP Morgan advised on eight deals worth US$20.1bn in Q1 2020. The bank advised on eight deals during the review period.

GlobalData revealed that PwC occupied the second position with transactions worth US$0.9bn.

Ravi Tokala, Financial Deals Analyst at GlobalData, said: "Despite the overall deal activity (volume) declining among other regions, Asia-Pacific bound total deals volume increased by 3.43% in the first quarter of 2020. Interestingly, the number of deals targeting Chinese companies or assets represent about 31.54% of the overall deal volume recorded in the region.

"However, the region recorded a decrease of 9.94% in deal value terms due to the absence of big-ticket and high-value transaction......................

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