The overall deal activity declined by 3 percent to $5.023 billion in May compared to $5.192 billion in the preceding month of April
May 2022 witnessed four multi-billion-dollar deals totalling USD 31.5 billion, while the reporting month saw big-ticket transactions, industry tracker Grant Thornton said on Monday.
Deal volumes fell by 43 percent in February compared to the same period last year. Prashant Mehra, Partner of Grant Thornton, said the slowdown in deal activity in India was mainly due to uncertainty from the Budget announcement.
Credit Suisse has managed to crack maximum number of deals in recent times, ahead of top global investment banks. CNBC-TV18 caught up with the investment banking team of Credit Suisse to find out what driving all the deal activity and what sectors are most likely to witness consolidation.
The deal activity has picked up in momentum now as compared to January and in terms of cross border transactions the average deal value is going up although the deal volume has gone down, says Prashant Mehra Partner, Grant Thornton India LLP.
In terms of number of deals, overall M&As have come down, but excluding internal restructuring there has been growth in M&As.
Grant Thornton's Raja Lahiri elaborates on their report on Indian mergers and acquisitions market. Inbound activity took a beating on the back of the economic slowdown, he says.
The chemical energy sector witnessed mergers and acquisitions worth USD 41 billion in the January-March quarter of 2011, with the Asia-Pacific region accounting for USD 11 billion of the total value, says global consultancy firm PwC.