In the Asia-Pacific automotive industry, there were 29 M&A deals announced in Q2 2024, worth a total value of $1.3bn, according to GlobalData’s Deals Database. The $690.6m minority acquisition of Zhejiang Hozon New Energy Automobile by Ltd., Nanning Minsheng New Energy, Tongling State-owned Capital Operation Holding Group and Yichun Jinheng Equity Investment Co. was the industry’s largest disclosed deal. GlobalData’s Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q2 2024 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in 2023 in the automotive industry. Buy the report here.
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In value terms, M&A activity in Asia-Pacific decreased by 61% in Q2 2024 compared with the previous quarter’s total of $3.3bn and rose by 97% as compared to Q2 2023. Related deal volume decreased by 15% in Q2 2024 versus the previous quarter and was 12% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in Asia-Pacific in H1 2024 were HDFC Bank; KDA Corporate Advisors; Moelis & Co with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Asia-Pacific in H1 2024 were AZB & Partners; DBS Law; J Sagar Associates with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Automotive Industry Mergers And Acquisitions Deals By Top Themes In Q2 2024 – 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.
