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Laxman Pai, Opalesque Asia: The Asia-Pacific (APAC) region witnessed a significant 28% quarter-on-quarter (QoQ) decline in mergers and acquisitions (M&A) deal value to $105.9 billion during the first quarter of 2023, said a study.
According to the latest M&A report from GlobalData, economic uncertainties, geopolitical tensions, and stricter regulations have exerted an impact, shaping the M&A landscape in the region.
The report, "Mergers and Acquisitions Deals by Top Themes and Industries in Q1 2023 - Thematic Intelligence," revealed that M&A deal volume too suffered an 18% QoQ drop to 1,710 deals during the quarter.
Deal value in APAC, excluding China, dropped to $78.8 billion in Q1 2023, a 9% decline compared to the $86 billion deal value in Q1 2022. Deal value in China in Q1 2023 fell to $27 billion, a 16% decline from $31.5 billion in Q1 2022.
Out of 19 sectors, three sectors-Automotive, banking & payments, technology, media and telecom (TMT) have reported a quarter-on-quarter increase in deal value in the APAC region and the remaining saw a drop, said the report.
"Factors such as economic uncertainties, geopolitical tensions, and the implementation of stricter regulations in certain countries have collectively contributed to this decline, highlighting the complex landscape businesses are navigating in the region," said Priya Toppo, Thematic Intelligence Analyst at GlobalData.
Priya added: "The APAC region market has weakened i...................... To view our full article Click here
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