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Laxman Pai, Opalesque Asia: The number of deals announced globally mostly remained relatively steady in August compared to the previous month while deal volume increased marginally by 1% from 6,423 in July to 6,488 in August.
Deal types such as mergers and acquisitions (M&A) and debt offering witnessed deal volume increasing by 7.6% and 17.3%, said a study by GlobalData.
However, the number of private equity, venture financing, equity offerings, partnerships, and licensing agreement deals declined by 6.5%, 7.7%, 6.1%, 8.9%, and 17.8%, respectively.
An analysis of GlobalData's Financial Deals Database revealed that the deal volume during the month remained above-average levels in July, as well as the monthly average in the first and second quarters of 2020.
Aurojyoti Bose, the Lead Analyst at GlobalData, said: "Although slow, August represents the third consecutive month of deal activity growth. The slow growth could be attributed to inconsistent deal activity across different regions. Europe remained a weak spot as COVID-19 infections continued to rise again in several countries in the region. On the other hand, North America witnessed better growth in deal activity, while Asia-Pacific activity also grew - albeit at a slower pace."
The number of deals announced in the APAC region increased by 2.8% from 2,037 in July to 2,094 in August. The slow growth could be attributed to escalating US-China tensions. GDP contraction reported in several countries als...................... To view our full article Click here
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