GlobalData’s new study shows decline in Asia-Pacific financial deal activity

There was a decrease of 17.5% as compared to 337 deals announced during the week ended 12 April

APAC region, Decline in deals activity, GlobalData

A total of 278 deals were announced in the Asia-Pacific (APAC) region during the week ended 12 April 2020. According to GlobalData, a leading data and analytics company, there was a decrease of 17.5% as compared to 337 deals announced during the week ended 12 April.

An analysis of GlobalData’s deals database reveals that the deal volume also remained below the Q1 2020 and March 2020 weekly average levels. Deal activity also decreased in key markets such as China and Japan during the week compared to the previous week. However, India, Australia and South Korea showcased improvement in deal activity. Sectors such as healthcare (including pharmaceuticals and medical equipment) and travel & tourism and retail also witnessed decline in deal activity during the review period.

Aurojyoti Bose, Lead Analyst at GlobalData, explains: “Deal activity in the APAC region has remained inconsistent due to the uncertainty and volatile market conditions since the outbreak of coronavirus (Covid-19).

Most of the key deal types also witnessed decline in volume during the reporting week compared to the previous week. While mergers and acquisitions (M&A) deals volume decreased by 30.9%, the number of venture financing, private equity and partnership deals decreased by 31.9%, 22.2% and 35.7%, respectively. However, the number of equity offering deals increased by 14.1%.

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