In partnership with Mergermarket, a service of ION Analytics

Fewer deals and more dollars defined the story for APAC M&A activity in the first quarter. Self-sufficiency and domestic demand spurred dealmaking in the region. Markets such as India and Southeast Asia rode demographic tailwinds and digital innovation to drive deal activity. China’s economic reset, led by Beijing infusing capital in entities the state already owns, set the tone for the region’s M&A.

Financial services blew past every other sector to record the highest aggregate value, and TMT ranked second. TMT maintained its traditional lead in terms of deal frequency despite the overall market slowdown. Much remains to be seen as the market absorbs the consequences of US trade tariffs and what that entails for dealmaking in the coming months.

Navigate the APAC deal market with confidence in these present turbulent times. Download Deal Drivers: APAC Q1 2025 today.

What's Inside?

• APAC M&A Market Summary and Outlook
• M&A Spotlight on:
• Hong Kong
• New Zealand
• M&A Deal Drivers in:
• Greater China
• South Korea
• Japan
• India
• Southeast Asia
• Australia & New Zealand
• Top 10 announced deals by region and subregion
• Top deals by volume and value
• Top bidders by volume and value