APAC deal activity continues to show resilience for second consecutive week ended April 26, 2020: GlobalData

Sectors such as healthcare (including pharmaceuticals and medical equipment) and retail also witnessed improvement in the deal activity

A total of 345 deals were announced in the Asia-Pacific (APAC) region during the week ended April 26, 2020, an increase of 17.7 per cent over the 293 deals announced during the previous week, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that the deal volume surpassed the Q1 2020 and March 2020 weekly average levels.

Aurojyoti Bose, Lead Analyst, GlobalData comments, “This is the second consecutive week of growth in deal activity in the APAC region. Deal activity has remained inconsistent since the coronavirus (COVID-19) outbreak and the growth in the announcement of deals amidst the volatile market conditions could be an indication of some of the key markets returning back to normalcy.”

Deal activity increased week-over-week in key markets such as China, Japan, South Korea, India and Australia, which witnessed an increase in deal volume by 2.7 per cent, 9.4 per cent, 65.8 per cent, 9.4 per cent and 62.1 per cent, respectively.

Sectors such as healthcare (including pharmaceuticals and medical equipment) and retail also witnessed improvement in the deal activity during the week ended 26 April 2020 compared to the previous week. 

The volume of key deal types such as mergers and acquisitions (M&A), partnerships, debt offerings and equity offerings increased by 44.9 per cent, 114.3 per cent, 106.7 per cent and 12.5 per cent, respectively, during the reporting period while the volume of private equity and venture financing deals declined by 12.5 per cent and 15.1 per cent, respectively.