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SG deal activity down 13% in 2024

This contributed to the overall 1.4% decline in deal activity across APAC in 2024.

Singapore has reported a 13% decline in deal activity in 2024, contributing to a broader slowdown in the Asia-Pacific (APAC) region, GlobalData reported.

Overall, the region experienced a modest 1.4% drop, totaling 14,621 mergers & acquisitions (M&A), private equity, and venture financing deals, down from 14,829 in 2023.

Despite this dip, APAC outperformed other global regions, according to GlobalData. The region’s performance remained relatively strong compared to North and South America, where double-digit declines were recorded.

Other regional markets such as China, Malaysia, Hong Kong, Indonesia, and New Zealand also recorded declines in deal volumes. China experienced a 20.8% drop, whilst Indonesia’s deal volume fell by 33.7%.

Meanwhile, other APAC markets such as India, Japan, Australia, South Korea, and Thailand saw positive growth. India experienced a 13.7% increase, Japan saw a 30.2% rise, and South Korea and Thailand posted gains of 8.2% and 6.5%, respectively.

Despite the mixed performance across the region, M&A deals in APAC grew by 5.9% in 2024. However, private equity and venture financing deals saw declines of 8.8% and 8.9%, respectively, year-on-year.

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