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Laxman Pai, Opalesque Asia: The Asia Pacific (APAC) region witnessed a 20.4% year-on-year decrease in mergers and acquisitions MA, private equity PE, and venture financing deals during the first seven months of 2023, said a study.
According to the report by data analytics and consulting firm GlobalData, 8,457 deals were announced within the region from January to July 2023, compared with 10,626 during the same period last year.
"Economic uncertainties and geopolitical undercurrents have woven a fabric of decline, with key markets such as China, India, and Japan experiencing setbacks," it said.
All the deal types under coverage witnessed a YoY decline in deal volume. The number of M&A, PE, and venture financing deals announced in the region declined by 10.9%, 7.8%, and 28.7%, respectively, during January-July 2023.
China, which is the top APAC market by deal volume, witnessed a 13.3% drop in deal volume from 3,215 in January-July 2022 to 2,787 during January-July 2023.
Several other APAC markets also suffered setbacks in deal activity. For instance, India, Japan, Australia, South Korea, Singapore, Hong Kong, Indonesia, and New Zealand witnessed respective deal volume declines by 30.9%, 14.8%, 21.2%, 31.9%, 22.9%, 19.8%, 40.4%, and 23.4%.
"Mirroring the global trends, the Asia-Pacific region's deal landscape paints a subdued picture. As economic uncertainties interlace with geopolitical currents, key markets including China, India, and Japan grapple with se...................... To view our full article Click here
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