Financials sector tops Asia Pacific ex. Japan M&A: LSEG
Industrials and high technology sectors were also active in 2024
The financials sector made up 16.3% of mergers and acquisitions (M&A) dealmaking activity in Asia Pacific excluding Japan, data from LSEG showed.
The sector accounted for $119.3b of the total M&A market share in the region for 2024— a 23.6% rise compared to 2023.
The industrials sector followed, capturing 14.5% of the market share, although the total deal value of $106.4b is 18.9% year-on-year (YoY) lower.
The high technology sector saw the greatest number of deals, and made up 13.2% of the market share with $96.8b in deal value generated.
Energy & power, consumer products & services, healthcare, telecommunications, and media & entertainment saw double-digit percentage growth from last year, in terms of deal value, LSEG said.
“Despite a slow start in 2024, quarterly volumes have shown continuous growth, culminating in an overall increase for the year,” LSEG said in its report.
Deal making activating involving APAC excluding Japan amounted to $734.1b for 2024, 4.6% YoY higher.