S&P Report – ThePrint – ANIFeed

New Delhi (India), August 11 (ANI): The first half of 2024 saw a noticeable increase in the total deal value of mergers and acquisitions (M&A) despite a decline in deal volumes, according to S&P Global Market Intelligence’s Global Mergers & Acquisitions and Equity Offerings (GMAs) report for the second quarter (Q2) of 2024.

The report reveals that the total value of M&A deals increased by 11.7% to $1.221 trillion in the first half of 2024 compared to the same period in 2023.

However, the number of transactions fell by 12.9% to 19,415, the report said.

This mixed activity suggests that while the global M&A market has not yet fully recovered from the rate hike-induced slowdown in 2022, investors are still looking to secure larger deals.

The second quarter of 2024 saw particularly strong growth in the number of M&A deals outside the United States, with a value of more than $10 billion, contributing to the third consecutive quarter of year-over-year growth in total deal value, the report said.

Joe Mantone, lead author of the report at S&P Global Market Intelligence, highlighted the impact of these large deals, stating, “A few large deals were a bright spot for M&A and IPO activity in the second quarter; while overall deal volume remains weak, larger deals are driving overall deal value.”

Mantone also noted that “political clarity and a steady cycle of interest rate cuts will certainly generate optimism for M&A and initial public offerings in 2025.”

The report also highlights key regional trends, with M&A activity in Europe seeing a significant increase.

The total value of M&A announcements in Europe increased by 65.4% in the second quarter compared to the previous quarter and by 25.4% compared to the previous year, reaching USD 182.87 billion.

(OR)

This report is generated automatically by ANI news service. ThePrint is not responsible for its content.