Asia finance M&A faces ongoing pressures as Q3 dealmaking falls

Corporate & Securities partner Justin Tan is quoted in this article on M&A activity in the Asia-Pacific financial sector, which is expected to remain in the doldrums as deal flow declines in the third quarter.

A high interest rate environment, a challenging fundraising market and geopolitical uncertainties have all weighed on dealmaking.

"Until these conditions change, along with the appearance of new drivers for dealmaking, I expect financial sector M&A in APAC to remain mostly in the doldrums in the coming quarters," he says, adding that "the fall in financial sector M&A in 3Q 2023 is a continuation of an ongoing trend since 4Q 2022 and 1Q 2023.