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Laxman Pai, Opalesque Asia: The total value of global M&A has jumped year-over-year in the first half of 2024, despite global M&A deal volumes remaining lackluster, said a study.
According to the S&P Global Market Intelligence's report, the total value of transactions increased 11.7% to $1.221 trillion through the first half of 2024 compared to the first half of 2023, but the number of deals was down 12.9% to 19,415 over the same period.
"The activity shows that M&A has yet to fully recover from the slowdown in activity that started in 2022 with the rate-hiking cycle, but dealmakers are willing to pursue large transactions," noted the newly released Q2 2024 Global M&A and Equity Offerings Report.
In the second quarter of this year, a pickup in $10 billion-plus M&A announcements outside the U.S. helped ensure that the total value of global deals recorded its third straight quarter of year-over-year growth, the report pointed out.
As per the report, the number of global M&A transactions has fallen below 10,000 three times in the last four quarters after having done only once since 2020.
Large transactions helped boost the total value of Europe M&A announcements by 65.4% quarter-over-quarter and 25.4% year-over-year in the second quarter to $182.87 billion.
The 616 global IPOs in the first half of 2024 were lower than the 674 transactions in the first half of 2023 and the 819 transactions in the first half of 2022.
The quarterly report provides an ...................... To view our full article Click here
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