Merger and acquisition (M&A) activity saw record highs globally in 2021, prompting forecasters to predict record deal flows into 2022, buoyed by the end of Covid-19 restrictions. Yet, with the impact of geopolitics and rising inflation rates, this has not come to pass.
In its ‘Global M&A Industry Trends: 2022 Mid-Year Update’ report, PwC found Asia-Pacific deal volumes had fallen to 7779 during the first half of 2022. The number was down 31.3% on the 11,322 deals seen in the second half of 2021, with a slightly lower drop compared to the 9814 for the first half of 2021.
