-By ArdorComm News Network
August 12, 2024
The total value of mergers and acquisitions (M&As) globally increased by 11.7% to $1.221 trillion during the first half of 2024, according to S&P Global Market Intelligence’s Q2 2024 Global M&A and Equity Offerings Report. Despite this rise in deal value, the number of deals fell by 12.9%, with only 19,415 transactions recorded in the same period.
The report highlighted that a $10 billion increase in M&A deals outside the US contributed to the growth in global deal value for the third consecutive quarter. However, the overall number of transactions remained lackluster, with large transactions driving the increase in total value.
Joe Mantone, the lead author of the report, noted that while the number of deals is down, the presence of bigger deals is sustaining some growth in the overall transaction value.
The report also mentioned that the M&A slowdown, which began in 2022 due to rate hikes, has continued, with the total number of global M&A transactions falling below 10,000 three times in the last four quarters.
Looking ahead, Mantone suggested that clarity around the political landscape and a sustained rate-cutting cycle could create optimism for M&A and IPO activities heading into 2025.