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Laxman Pai, Opalesque Asia: A total of 28,151 global deals (mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during the first half (H1) of 2023, which was a 23.7% decline compared to the announcement of 36,873 deals during the same period in 2022, said a study.
According to the GlobalData report, all the deal types under the coverage witnessed a year-on-year (YoY) decline during H1 2023.
The number of M&A deals declined by 17.4% while deal volume for private equity deals and venture financing deals registered a decline of 23.5% and 31.2%, respectively, said the report.
North America continued to dominate the global deals landscape despite witnessing a 26.4% YoY decline in deals volume in H1 2023.
Meanwhile, Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions also witnessed a YoY decline in deal activity by 19.9%, 20.9%, 29%, and 32.2%, respectively, during H1 2023.
"2023 has not been a good year so far for deal activity. Plagued by challenging factors such as rising interest rates, high inflation, fear of recession, and geopolitical tensions, the first half of the year has already seen a considerable decline in deal activity," said Aurojyoti Bose, Lead Analyst at GlobalData.
Several key global markets witnessed a YoY decline in deal activity during H1 2023. For instance, deal volume for the US, China, the UK, Canada, India, Japan, Germany, France, Australia, and South Kor...................... To view our full article Click here
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