In the Asia-Pacific financial services industry, there were 115 M&A deals announced in Q2 2024, worth a total value of $7.5bn, according to GlobalData’s Deals Database. The $1.6bn acquisition of PSC Insurance Group by Ardonagh Group was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2024 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 34% in Q2 2024 compared with the previous quarter’s total of $5.6bn and rose by 43% as compared to Q2 2023. Related deal volume increased by 8% in Q2 2024 versus the previous quarter and was 10% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in H1 2024 were China International Capital; Clairfield International; Deutsche Bank with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific in H1 2024 were AZB & Partners; Baker & McKenzie; Cyril Amarchand Mangaldas with 4, 2, 2 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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