A total of 314 deals were announced in the Asia-Pacific (APAC) region during the week ended 14 June 2020, which is a decrease of 18% over the 383 deals announced during the previous week, according to GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Financial Deals Database reveals that the deal volume during the week also remained lower than the first quarter (Q1) of 2020 and April 2020 weekly average levels while there was a marginal improvement when compared to May 2020 weekly average level.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the region remained inconsistent since the onset of the COVID-19 outbreak. The decline during the reporting week is after two consecutive weeks of growth.”

Deal activity decreased in markets such as Australia, Japan and India, which witnessed decline in deal volume by 39.5%, 50% and 20%, respectively, during the reporting week compared to the previous week. However, China and South Korea witnessed improvement in deal activity by 0.9% and 1.9%, respectively.

Sectors such as travel & tourism witnessed decline in the number of announced deals during the week ended 14 June 2020 compared to the previous week while deal activity improved in the healthcare (including pharmaceuticals and medical equipment) sector and it remained at the same level in retail sector.

The volume of deal types such as mergers and acquisitions (M&A), venture financing, private equity, partnerships and equity offerings decreased during the week compared to the previous week.