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Laxman Pai, Opalesque Asia: The first seven months of 2023 proved challenging for deal activity (mergers & acquisitions (M&A), private equity (PE), and venture financing) amidst a landscape fraught with macroeconomic uncertainty, said a study.
According to GlobalData, firms are contending with the ripple effects of escalating interest rates and an ambiguous economic horizon. This struggle unfolded alongside a broader narrative of global deal activity, which experienced a significant year-on-year decline of 23.6% during the period from January to July 2023, it said.
The deal volume decreased from 42,504 to 32,460, as per GlobalData's Financial Deals Database. The number of M&A, PE, and venture financing deals declined by 16.9%, 25.8%, and 31.8%, respectively, from January to July 2023 compared to the same period the previous year.
North America continued to dominate the deals landscape even though the region witnessed a 27.4% YoY decline in deal volume during January- July 2023.
Meanwhile, Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions too witnessed a decline in deal volume by 20.1%, 20.4%, 25.5%, and 28.5%, respectively, during the period.
Several key markets suffered setbacks in deal activity. For instance, the US, China, the UK, Canada, India, Japan, Germany, France, Australia, and South Korea saw respective deals volume YoY falling by 28.9%, 13.3%, 14.7%, 12.8%, 30.9%, 14.8%, 22.4%, 16.7%, 21.2%, and 31.9% during Janu...................... To view our full article Click here
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