M&A Deal Activity in Singapore Falls 23.7% Amid APAC Decline

30 Aug, 2024

M&A Deal Activity in Singapore Falls 23.7% Amid APAC Decline

Deal activity in Asia Pacific fell by 9.9% overall, with Singapore experiencing a significant 23.7% decline in mergers and acquisitions volume. According to GlobalData, this drop is part of a broader trend of subdued deal activity affecting markets globally.

In the APAC region, countries such as China, Australia, South Korea, Malaysia, Hong Kong, and Indonesia saw year-over-year declines in deal volume ranging from 1.3% to 32.2% during January-July 2024. Conversely, India, Japan, and Thailand recorded increases in their deal volumes by 2.4%, 5.7%, and 8.5%, respectively.

When analyzing the decline by market, APAC's single-digit drop contrasts with the larger decreases observed in other regions. North America, Europe, the Middle East and Africa, and South and Central America saw year-over-year declines in deal volume of 19.6%, 16.9%, 11.7%, and 27.7%, respectively, from January to July 2024.

Aurojyoti Bose, Lead Analyst at GlobalData, noted that while most APAC markets experienced a decline, the overall impact was somewhat mitigated by improvements in India, Japan, and Thailand.