SG’s deal volume drops 21.3% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
Singapore’s mergers & acquisitions (M&A), private equity and venture financing deals from January to October 2023 fell 21.3% compared to the same period in 2022, GlobalData reported.
According to GlobalData, Singapore was not the only market in Asia-Pacific to record a decline in deals.
Markets such as India (26.1%), Japan (17.3%), Australia (22.3%), South Korea (29.5%), Hong Kong (22.5%), Indonesia (38.7%), and New Zealand (17%) also recorded YoY decline in volume.
Activity in the entire region also fell during the period, dropping 19.5% YoY to 11,881 deals.