New Delhi, July 29
Mergers and Acquisition (M&A) activity in Asia Pacific region fluctuated throughout the year, declining in June as dealmakers awaited clarity to emerge on global trade negotiations, a report said on Tuesday.
Meanwhile, the $1.39 billion acquisition of a minority stake in JB Chemicals & Pharmaceuticals by Torrent Pharmaceuticals in India was June's third-largest Asia Pacific deal, according to S&P Global Market Intelligence data. Two of India's deals made it to the list of the top 10 largest deals in June.
The aggregate value of M&A deals in the Asia Pacific region declined 21.3 per cent YoY to $28.87 billion in June.
However, the number of deals increased 13.2 per cent to 834. The decline came after a 57.4 per cent jump in May. On a month-over-month basis, the aggregate deal value fell 32.1 per cent in June, while the number of deals was up 12.2 per cent.
The report said that 28 per cent of Asian respondents were more interested in M&A due to trade concerns.
"Asian dealmakers are adapting rather than retreating from deals...This was the highest positive response of any international region, indicating that many Asian companies viewed the disruption as a chance, for example, to pursue non-US targets," the report mentioned.