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Laxman Pai, Opalesque Asia: Large global M&A deals have been at the forefront of M&A activity in 2024 reflecting a growing confidence among dealmakers despite geopolitical and macroeconomic headwinds, revealed a study.
According to WTW's Quarterly Deal Performance Monitor (QDPM), the volume of deals valued at over $1 billion has continued to rise steadily, reaching its highest level in two years with a healthy stream of 46 transactions completed in the last three months.
"This represents a 31% increase in volume compared to 12 months ago. Megadeals have also bounced back, with 13 deals valued at over $10 billion completed worldwide for the year so far, compared to six transactions during the same period in 2023," said the report.
In contrast, the number of all deals valued at over $100 million has seen a gradual decline from 188 deals closed in the final three months of 2023 to 157 in the third quarter of 2024, according to the data which is run in partnership with the M&A Research Centre at Bayes Business School.
Meanwhile, acquisitions completed within the same industry sector (intra-sector deals) have also risen in proportion to overall M&A, compared to cross-sector acquisitions. Since the start of 2023 intra-sector deals increased from 57% of the total in Q1 2023 to 75% in the latest quarter. This indicates a trend for corporates looking to take advantage of depressed or distressed circumstances to consolidate their own markets.
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