In the Asia-Pacific financial services industry, there were 8 private equity deals announced in Q3 2023, worth a total value of $844.4m, according to GlobalData’s Deals Database. The $750m acquisition of stake in Hanwha Life Insurance Financial Services by Korea Investment 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 23% in Q3 2023 compared with the previous quarter’s total of $1.1bn and fell by 45% as compared to Q3 2022. Related deal volume decreased by 38% in Q3 2023 versus the previous quarter and was 11% lower than in Q3 2022.

The top-ranked financial advisors supporting these private equity deals in Asia-Pacific in Q3 2023 were Avendus Capital; Kotak Mahindra Bank; PricewaterhouseCoopers International with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Asia-Pacific Q3 2023 were Shardul Amarchand Mangaldas & Co; IndusLaw; Khaitan & Co with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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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.