A total of 31 Equity Offering deals (pending and completed) were announced in the Automotive of the Asia-Pacific region, in the last twelve months resulting in a total deal value of over $11,397.6 million. In the LTM period, August 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $3,399.8 million, resulting in an average deal value of $1,133.3 million during that month. On the other hand, the month of September 2021 was the most prolific in terms of deal volume, recording a total of 8 deals, resulting in an average deal value of $317.3 million during that month.
Of the 31 deals, the deal secured between SK Group and London Electrics, was the largest Equity Offering deal in the Asia-Pacific Automotive sector, which was valued at $2,332.3 million and was completed on August 30, 2021. The second-largest deal was between Mirae Asset Management Co., Ltd. and London Electrics, while the third-largest deal was between General Motors Co; Guangzhou Automobile Group Co Ltd and Momenta.ai; Shanghai Didi Woya Technology Co., Ltd. The Mirae Asset Management Co., Ltd.-London Electrics deal and the General Motors Co; Guangzhou Automobile Group Co Ltd-Momenta.ai; Shanghai Didi Woya Technology Co., Ltd deal were valued at $1,032.0 million and $300.0 million, respectively. The fourth-largest deal was between Geely Automobile Holdings Ltd-Yikatong Technology valued at $50.0 million, whereas the deal between Wuxi Jinfengyu Investment Partnership Limited; Wuxi Kangsheng Investment Partnership Limited-Wuxi Zhenhua Auto Parts Co., Ltd. valued at $41.5 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $4,014.3 million and accounted for nearly 35.22% of the total deals (by value) announced during the last twelve months. The Asia-Pacific region accounted for 38.80% of the total Equity Offering deals done globally, and accounted for 4.84% of the total deal size on a global scale.
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