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Laxman Pai, Opalesque Asia: A total of 3,231 deals were announced in the Asia-Pacific (APAC) region during the first quarter (Q1) of 2024, which was a year-on-year (YoY) decline of 12.2% compared to the 3,681 deals announced during the same period in the previous year, revealed a study.
The deal comprises mergers & acquisitions (M&A), private equity, and venture financing deals.
According to GlobalData, all regions across the globe experienced a decline in deal volume during Q1 2024 amid challenging and uncertain market conditions, and the APAC region is not an exception to this global trend.
"However, one notable fact is that the decline experienced in the APAC region was relatively lesser compared to all other regions," said Aurojyoti Bose, Lead Analyst at GlobalData.
For instance, North America, Europe, the Middle East and Africa, and South and Central America witnessed a decline in deal volume by 24.3%, 20.6%, 18.7%, and 39.8%, respectively, during Q1 2024 compared to Q1 2023. These declines are higher compared to the deal volume decline experienced in the APAC region during the quarter.
"The decline in APAC is driven by the subdued deal activity experienced in several key markets within the region," Aurojyoti added.
Key APAC markets including China, Japan, Australia, South Korea, Singapore, Malaysia, Hong Kong, and Indonesia registered YoY decline in deal volume by 18.8%, 8.5%, 5.2%, 1.8%, 21.1%, 24%, 20.8%, and 21.3%, respectively, during Q1...................... To view our full article Click here
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