In the Asia-Pacific financial services industry, there were 5 private equity deals announced in Q1 2024, worth a total value of $159.6m, according to GlobalData’s Deals Database. The $159.6m investment by Ananta Capital, Axis Alternatives, Barings Private Credit, Duro Capital (Singapore) Advisors, Mirae Asset Investment Managers India, Motilal Oswal Capital Markets, Norwest Venture Partners and TPG Growth in SK Finance was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, private equity deal activity in Asia-Pacific decreased by 64% in Q1 2024 compared with the previous quarter’s total of $440.8m and fell by 72% as compared to Q1 2023. Related deal volume decreased by 50% in Q1 2024 versus the previous quarter and was 29% lower than in Q1 2023.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.

This content was updated on 23 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.