M&A value bounces back to two-year high

Aggregate deal value surged to a two-year high of US$290bn in Q3 2024, marking a substantial increase of 56.6% compared to the same quarter in 2023 and an even more impressive quarter-on-quarter surge of 83.2%.

Consumer friendly

The consumer industry recorded a strong performance with 227 deal announcements, up a substantial 31.2% year-on-year. But it is in value terms that consumer really shone. The sector logged US$76.3bn worth of deals, a nearly ninefold gain compared to Q3 2023, driven in particular by Quebec-headquartered Alimentation Couche-Tard’s revised US$58bn offer for Seven & i Holdings, Japan’s 7-Eleven parent.

Pacesetting India

India is primed for considerable deal activity, with 193 ‘companies for sale’ stories as recorded by Mergermarket. While this places it third behind China and Southeast Asia, there were 44 TMT deal reports tied to assets in the country, second only to China. The government’s ‘Digital India’ strategy aims to transform the country into a digitally empowered society and knowledge economy by expanding internet access, developing e-governance platforms, and fostering innovation.

Published in association with Datasite, Deal Drivers APAC provides an in-depth review of M&A activity in 2024 and an outlook for 2025.

The report is also available on datasite.com.