More mergers and acquisitions expected in 2024

TheStar Fri, Feb 02, 2024 12:00am - 2 months View Original


Hand connecting missing jigsaw glowing puzzle piece

PETALING JAYA: Although total merger and acquisition (M&A) deals’ value declined in 2023 with the collapse of tech M&As being the biggest drag on strategic M&As, experts are expecting more deals to be carried out in 2024 supported by the big backlog of assets that did not come to market in the down year of 2023.

The recent Global M&A Report 2024 by Bain & Co stated that the total M&A market dropped by 15% year-on-year (y-o-y) to US$3.2 trillion, the lowest level in a decade.

Moreover, strategic M&As dropped by 6% y-o-y with more than 27,000 deals announced, totalling about US$2.4 trillion.

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