Deal volume (mergers & acquisitions [M&A], private equity, and venture financing deals) across the Asia-Pacific (APAC) region during August 2022 was down by 24.8% and 16% compared to the monthly average of Q1 and Q2 2022, respectively, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that a total of 1,187 deals were announced in the APAC region in August 2022, which is a decline of 14.1% over the 1,382 deals announced in July 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “August marks the second consecutive month of decline in deal activity for the APAC region. This could be attributed to a dent in deal-making sentiments due to the ongoing geopolitical tensions and uncertain economic conditions. In fact, deal activity remained subdued in most of the key markets across APAC during the month.”

China, India, Japan, South Korea, Australia, Singapore, Indonesia and Hong Kong witnessed decline in deal activity with the number of deals announced during August decreasing by 19.6%, 3.9%, 12.4%, 33.1%, 4.9%, 13.2%, 24.3% and 16.7%, respectively, compared to the previous month.

The number of M&A and venture financing deals also decreased by 19.1% and 13.2%, respectively, while private equity deals volume increased by 43.6% compared to the previous month.