Deal activity in the Asia-Pacific finance sector is set to gradually pick up after multiple factors, including high interest rates and a challenging fund-raising market, dragged deal count in 2023 to the worst level in at least a decade.
M&A in the Asia-Pacific finance sector fell 19.1% to 549 in 2023 from 679 in the prior year, according to data compiled by S&P Global Market Intelligence on a best-efforts basis. The 2023 total was the lowest yearly deal count since at least 2014, when 889 deals announced. The financials sector include…