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Laxman Pai, Opalesque Asia: According to a study, the Asia-Pacific (APAC) region saw a 10.9% decline in deal activity, with 6,760 deals announced during the first half (H1) of 2024 compared to 7,590 during the previous year period.
The deals include mergers & acquisitions (M&A), private equity, and venture financing. While most key APAC markets experienced a drop in deal volume, Japan and Thailand showed some improvement, revealed the study by GlobalData.
The report stated that most key APAC markets registered a decline in deal volume during the first half of the year. For instance, China, India, Australia, South Korea, Singapore, Malaysia, Hong Kong, Indonesia and New Zealand saw a year-on-year (YoY) decline in deal volume by 20.9%, 0.2%, 4.7%, 0.3%, 19.1%, 26.4%, 16.3%, 31.2% and 9.5%, respectively, during H1 2024. However, Japan and Thailand managed to showcase some improvement in deal activity.
An analysis of GlobalData's Deals Database revealed that all the deal types under the coverage experienced a YoY decline in volume during the review period.
Meanwhile, the number of M&A deals declined by 10.1%, whereas the volume of private equity and venture financing deals fell by 28.5% and 10.9% YoY, respectively.
"Subdued deal activity remained a global trend in 2024 and APAC region also experienced a dent in deal-making sentiments amid the ongoing geopolitical tensions, uncertain market conditions, and macroeconomic challenges," said Aurojyoti ...................... To view our full article Click here
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