|
Laxman Pai, Opalesque Asia: The global mergers and acquisitions (M&A) landscape witnessed an 8% decline in deal value from $515 billion in Q3 2022 to $473 billion in Q3 2023, said a study.
According to GlobalData, the total M&A deal volume also fell by 21% from 8,997 to 7,083 during the period. The economic deceleration, attributed to rising inflation and interest rates, influenced this trend.
Meanwhile, the market slowdown in Q3 2023 also impacted the number of mega deals worth over $1 billion, said GlobalData's latest report, "Merger and Acquisition Deals of Top Themes by Industries in Q3 2023 - Thematic Intelligence."
A total of 98 mega deals were completed in the quarter, which was a decline of 15% compared to the same quarter last year, it said.
Priya Toppo, Analyst, of Thematic Intelligence at GlobalData, said: "North America continued to lead the global M&A deal activity, accounting for 2,842 deals worth $242 billion, during Q3 2023."
Meanwhile, except for China, a decline in M&A deal activity was evident across all regions, both on a year-on-year and quarter-on-quarter basis. This reflects the prevailing corporate wariness towards M&A endeavors due to the elevated debt financing expenses and a muted economic outlook in the majority of regions.
In the meantime, ESG was the most prominent theme driving the M&A activity during Q3 2023. It was followed by themes like emerging economies, AI, supply chain disruption, and big data.
"The outlook for gl...................... To view our full article Click here
|
RSS
