By Ron Chen, Correspondent, ASEAN Region
A total of 5,566 deals (comprising mergers & acquisitions, private equity, and venture financing deals) were announced globally during March 2021, which is an increase of 11 per cent over 5,013 deals announced during the previous month, according to GlobalData, a leading data and analytics company.
Lead Analyst at GlobalData, Aurojyoti Bose comments: “Global deal activity has remained inconsistent since the COVID-19 outbreak. However, the decline witnessed during the previous month was reversed in March, primarily driven by a rebound in deal activity in North America and Europe. Asia-Pacific and the Middle East and Africa also witnessed growth in deal activity.”
North America continued to account for the highest number of deals in March, followed by Europe, Asia-Pacific, the Middle East and Africa, and South and Central America. South and Central America was the only region that witnessed decline in deal activity during March compared to the previous month.
Most of the key markets witnessed growth in deal activity within these regions in March compared to the previous month such as the US (by 7.5%), the UK (36.2%), China (33.3%), Canada (1.2%), India (13.9%), Japan (6.3%), Germany (0.6%) and Australia (0.8%), while France and South Korea saw deal activity declining by 15.7 per cent and 34.8 per cent, respectively.
All deal types also witnessed growth in volume during March compared to the previous month. While merger & acquisitions (M&A) deal volume increased by 8.8 per cent, the number of private equity and venture financing deals increased by 20.2 per cent and 12 per cent, respectively.