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Laxman Pai, Opalesque Asia: A total of 6,423 deals were announced globally during July 2020, which is an increase of 16.6% over 5,507 deals announced during the previous month.
According to GlobalData, deal volume during the month remained above the first quarter (Q1) of 2020 and Q2 monthly average levels.
The growth in July was primarily driven by heightened deal activity in the Asia-Pacific (APAC) region, said a report. The number of deals announced in the APAC region increased by 23.2% from 1,653 in June to 2,037 in July.
Meanwhile, key APAC markets such as China, Australia, and South Korea witnessed an increase in deal volume by 32.3%, 18.4%, and 40.0%, respectively, during July compared to the previous month. These markets were able to control the spread of coronavirus infection effectively and regain confidence for deal-making, thereby witnessing an improvement in deal activity.
Other countries such as the US and Germany also witnessed an increase in deal volume by 12.7% and 26.1%, respectively.
In the meantime, the UK and Japan witnessed a decline in deal activity by 1.6% and 3%, respectively. The resurgence of news cases in Japan raised concern, while several media reports indicating the UK falling into recession started surfacing in July, which has dented the deal-making sentiments.
Most of the deal types also witnessed an increase in volume during July compared to the previous month, it said.
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