At $2.2 billion, M&A deal value falls by 37%, volume by 40% in November

November turned out to be the worst month for the deal street with 119 merger and acquisition transactions worth USD 2.2 billion, a fall of 40 per cent in volume and 37 per cent in value annually, a report said on Monday.

This is in spite of the month seeing the highest number of IPOs (initial public offerings) in the year, and the fourth highest in the past 11 years, according to the data collated by Grant Thornton.

With 21 per cent of M&A (Merger and Acquisitions) volumes, the startup sector continued to dominate the M&A deal activity, said the report, while PE (private equity) activity saw USD 1.4 billion worth of investments made across 100 deals (second-lowest monthly volumes), down 55 per cent in volume and 32 per cent in value.

With just USD 2.2 billion across 119 deals, November was the worst month so far this year. This is a 40 per cent plunge in volume and a 37 per cent in value over November 2021.

However, the month also saw the highest number of IPOs in the year, ..