Deal volume in SG drops 20.8% YoY in the first three quarters of 2023
In APAC, activity fell 20.6% YoY to 10,761 deals.
Singapore’s deal activity, which includes mergers & acquisitions (M&A), private equity, and venture financing deals, fell in the first three quarters of 2023.
Data from GlobalData showed that deal volume in Singapore dropped 20.8% YoY in 1Q23-3Q23.
Other APAC markets like India, Japan, Australia, South Korea, and Hong Kong also felt the brunt and experienced a setback in deal activity.
Overall, APAC saw a 20.6% YoY decline in deal activity for the 1Q23-3Q23 period, with 10,761 deals.
“Globally, deal activity remained subdued during Q1-Q2 2023 as market conditions remained challenging and uncertain, and the APAC region also followed a similar trend akin to all other regions,” Aurojyoti Bose, lead analyst at GlobalData, said.
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