16 Asian Legal Business | September 2024 ALB Asia M&A Rankings 2024 Asia’s markets, like the rest of the world, have seen a steep decline in dealmaking in the first half of the year. But macroeconomic trends, increase in asset quality and lucrative exit opportunities promise a better future for the region’s traditional and emerging markets. Rankings by Asian Legal Business, text by Nimitt Dixit Asia M&A Rankings 2024 And this was across the board. The number of M&A deals declined by 8.3 percent, and the volume of private equity and venture financing deals fell by 25.4 percent and 10.9 percent, respectively. Even deal value for the first half of the year, at $228 billion, is the lowest it’s been in the last five years, according to a PwC report. But breaking through the clouds, you see a more nuanced picture of mixed growth. China, Australia, South Korea, Singapore, Malaysia, Hong Kong and Indonesia saw declines in deal volumes, but India, Japan and Thailand witnessed their respective deal volumes improve by 2.4 percent, 5.7 percent and 8.5 percent. Asia’s dealmaking landscape in the first half of the year paints a gloomy picture if looked at from 30,000 kilometres above the ground. Its colourful tapestry has been bombed with sharp declines in both deal value and volume, with thick clouds of geopolitical uncertainty, high interest rates and brutal fundraising conditions looming overhead. The 7,966 deals announced in the Asia-Pacific region during January-July 2024, was 9.9 percent lower when compared to the 8,840 deals announced during the same period in previous year, according to GlobalData, an analytics company.
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