A total of 1,843 deals (mergers & acquisitions [M&A], private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region “during January-February 2024, which is a year-on-year (YoY) decline of 19.6% compared to the 2,292 deals announced during the same period in previous year,” according to GlobalData, a data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments:
“The deal activity trend for the APAC region was no different from other regions. In line with the global trend, all the deal types under coverage witnessed YoY decline in volume during January-February 2024.”
The number of M&A deals declined “by 20.2% during January-February 2024 compared to the same period in 2023 while the volume of venture financing deals and private equity deals were down by 17.6% and 45.6% YoY, respectively.”
Bose adds:
“Again akin to the global trend, several key markets within the APAC region experienced subdued deal activity during the first two months of 2024.”
In fact, an analysis of GlobalData’s Deal Database reveals “that all the top 10 APAC markets in terms of the number of deals announced during January-February 2024 experienced decline in volume.”
The top 10 APAC markets China, India, Japan, Australia, South Korea, Singapore, Malaysia, Hong Kong, Indonesia and Thailand “witnessed YoY decline in deal volume by 23%, 12.9%, 23.5%, 3.2, 12.2%, 13.2%, 32.4%, 28.3%, 38.1%, and 28.6%, respectively, during January-February 2024.”
Bose concludes:
“In a challenging global landscape, the decline in deal activity across the Asia-Pacific region underscores the need for resilience and adaptability within the market. While these figures may reflect short-term fluctuations, they also present opportunities for strategic recalibration and innovation to drive sustainable growth in the future.”
As covered, 4,000 of the world’s “largest” companies, “including over 70% of FTSE 100 and 60% of Fortune 100 companies, make timelier and better business decisions” thanks to GlobalData’s data, analysis and innovative solutions, all in one platform.
GlobalData’s mission is “to help clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.”