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Laxman Pai, Opalesque Asia:

Totaling $2.2 trillion, the global merger & acquisition (M&A) deal value plummeted to its lowest point in five years, said a study.

According to GlobalData, these deals marked a 12% decrease from the prior year, attributed to inflation spikes and increasing interest rates worldwide, which induced a slowdown in the global economy.

The total M&A deal volume fell by 17% from 37,186 in 2022 to 30,883 in 2023, according to the report "Global M&A Deals in 2023 - Top Themes by Sector - Thematic Intelligence".

The report revealed that the market slowdown in 2023 also impacted the number of mega deals worth over $1 billion, which dipped to their lowest since 2019, with just 432 in 2023 compared to 816 in 2021.

Environmental, Social, and Governance (ESG) has emerged as the most prominent theme in terms of deal volume, driving 49 M&A deals out of the top 500 M&A deals, in in terms of deal value.

"An ongoing trend is the dominance of North America in M&A deal activity. In 2023, it recorded 12,416 deals worth $1.15 trillion, making it the most active region in the global M&A market. Meanwhile, all regions including Europe, APAC-excluding China, South America and Middle East and Africa saw a drop in deal value in 2023 compared to the previous year, except China," said Priya Toppo, Thematic Intelligence Analyst at GlobalData.

Despite the overall decline in deal activity, 2023 saw some interesting deals such as ExxonMobil's $65 billion ......................

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