Asia-Pacific M&A By the Numbers: Q4 2024

M&A activity in Asia-Pacific continued to improve in Q4. Although the full year aggregates by deal value ($332bn) were down 4.9% compared to 2023, deal counts increased 7.8%. Momentum accelerated in H2 with 3,801 deals announced, the most in APAC since H2 2021 during the height of the M&A boom. Financials led the sector performance at $18bn for the quarter, with a substantial contribution from the $14bn of the Chinese investment bank Haitong Securities by Guotai   Junan Securities. Although China led the country performance by aggregated deal value at $34.1bn, Japan experienced the most volume by deals announced at 512.