August record weak M&A activity, says Grant Thornton report

By: |
Published: September 26, 2019 2:57:13 AM

The month witnessed only one deal valued over $500 million and one deal valued over $100 million, together totalling $0.7 billion and forming 84% of the total M&A deal values.

Both the sectors witnessed one deal each, together accounting for 83% of the total M&A deal values.Both the sectors witnessed one deal each, together accounting for 83% of the total M&A deal values.

With the ongoing global uncertainties impacting business confidence and dampening deal making, August recorded only 23 deals worth $845 million, which is a 49% decline in deal values over the same month last year, said the dealtracker report by Grant Thornton.

The month witnessed only one deal valued over $500 million and one deal valued over $100 million, together totalling $0.7 billion and forming 84% of the total M&A deal values.

The largest deal during the month was witnessed in the energy and natural resources sector, with the Adani-GMR deal being valued at $512 million, followed by Air Water’s acquisition of Linde India in the manufacturing sector. Both the sectors witnessed one deal each, together accounting for 83% of the total M&A deal values.

Contrary to the previous month, August was dominated by deals in the IT and ITeS sector with 8 deals worth $35 million, pushed by consolidation in the software development and the IT solutions segment. The start-up sector remained active after the IT sector with five deals worth $25 million.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Apple analysts see decline in average selling prices for iPhones
2If you want to invest in startups with a huge market, come to India, Modi tells US investors
3TRAI releases consultation paper on issues related to Interconnection Regulation 2017