In the global automotive industry, there were 107 M&A deals announced in Q2 2024, worth a total value of $3.6bn, according to GlobalData’s Deals Database. The $923m majority acquisition of Motional by Hyundai Mobis, Hyundai Motor, Hyundai Motor Group and Kia 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.
In value terms, M&A activity decreased by 25% in Q2 2024 compared with the previous quarter’s total of $4.8bn and rose by 122% as compared to Q2 2023. Related deal volume decreased by 12% in Q2 2024 versus the previous quarter and was 7% higher than in Q2 2023.
Notably, automotive-related deals accounted for a 33% share of the global automotive industry’s M&A activity in Q2 2024, up 21% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Lazard; UBS Group; Houlihan Lokey with 3, 3, 2 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Allen & Overy; Weil, Gotshal & Manges; AZB & Partners with 3, 3, 2 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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