24 Jun 2020
Posted in Business Fundamentals
Global deal activity rebounded during week ended 21 June, says GlobalData
A total of 1,215 deals were announced globally during the week ended 21 June 2020, which is an increase of 7% over 1,136 deals announced during the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Global deal activity has remained inconsistent due to volatile market conditions since the COVID-19 outbreak. Growth during the week ended 21 June occurred after a decline in the previous week. The number of deals announced during the week was also more than the weekly average levels of April and May 2020. However, it is still lower than Q1 2020 weekly average levels.”
Deal activity increased in most key markets during the week ended 21 June. Volumes increased in the US by 2.9%, 1.2% in the UK, 18.4% in Canada, 40.8% in Australia, 14.3% in Japan and 13.2% in South Korea. Meanwhile, China witnessed a decline in the number of announced deals by 19.3%.
Bose continued: “Most of the key deal types also witnessed growth in deal volume. While private equity and venture financing deals volume increased by 8.8% and 0.7%, respectively, during the week ended 21 June, the number of equity offerings, mergers and acquisitions (M&A) and debt offering deals increased by 2%, 8.1% and 39.2%, respectively. However, the number of partnership deals decreased by 5.1%.”