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Laxman Pai, Opalesque Asia: Mergers and acquisitions (M&A) deal activity in the Asia-Pacific (APAC) region remained inconsistent during the second quarter (Q2) of 2020, said a study.
China continued to top the region both in terms of volume as well as value, according to GlobalData.
After decreasing from 505 in April to 493 in May, the number of announced M&A deals rebounded to 564 in June while deals value also decreased from US$33.9bn in April to US$31.5bn in May before increasing to US$35.6bn in June.
According to the report, China, which is the most prominent market in the region, also witnessed its deal volume and value bouncing back in June. However, its share (as a proportion of total deal volume) declined consistently in volume terms. Nevertheless, China's share of total deal value witnessed growth in June.
Japan, Australia, India, and South Korea were the other top four markets by deal volume while India, Japan, Singapore, and Hong Kong were the other top four markets in terms of value, said the report.
According to a report by the data and analytics company, among these key markets, Japan was the notable country that witnessed a big leap in value terms in May on the back of big-ticket deals announced during the month.
Some of these notable deals included Sony's acquisition of the remaining stake in Sony Financial for US$3.7bn, divestiture of 5% stake in Softbank by SoftBank Group for US$2.9bn and Bain Capital's acquisition of 100% stake in Nich...................... To view our full article Click here
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