Deal activity in Singapore drops 15% YoY in the first 4 months of 2024

Deal activity also dropped across APAC.

Singapore’s total deals in the first four months of 2024, including mergers & acquisitions, private equity and venture financing deals, fell 15% YoY.

Data from GlobalData showed that deal activity also fell for the whole of Asia-Pacific (APAC) by 9.3% YoY to 4,935 deals.

Apart from Singapore, China (-15.8%), Japan (-1.2% YoY), Australia (-7.9%), Australia (-3.2%), Malaysia (-30.7%), Hong Kong (15.8%), Indonesia (17.9%) and Thailand (11.1%) saw declines in deal volume.

“APAC's relatively modest decrease signifies resilience in the face of broader economic challenges. This resilience underscores the region's enduring appeal to dealmakers and highlights its potential for sustained growth in the deal landscape. Despite headwinds, opportunities abound, and strategic dealmakers would be wise to remain vigilant, identifying pockets of value amidst the shifting tides of the market,” Aurojyoti Bose, lead analyst at GlobalData, said.

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