In the Asia-Pacific financial services industry, there were 98 M&A deals announced in Q3 2023, worth a total value of $5.9bn, according to GlobalData’s Deals Database. The $2.5bn merger of IDFC and IDFC First Bank and TB Investment was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, M&A activity in Asia-Pacific increased by 14% in Q3 2023 compared with the previous quarter’s total of $5.2bn and fell by 21% as compared to Q3 2022. Related deal volume decreased by 20% in Q3 2023 versus the previous quarter and was 23% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in Q3 2023 were UBS Group; APAC Asset Valuation & Consulting; Crowe (HK) CPA with 4, 2, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific Q3 2023 were AZB & Partners; Baker & McKenzie; Cyril Amarchand Mangaldas with 5, 2, 2 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.