Thought leadership

Q2 Dealtracker 2024

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The latest edition of the Dealtracker provides a comprehensive analysis of the Q2 2024 business landscape. The quarter showcased a notable uptick in activity across various sectors, driven by robust PE investments and strategic acquisitions. Domestic investments by Indian corporates highlighted their confidence in the local market, despite global economic uncertainties impacting cross-border deals. Looking ahead, anticipated political stability and forthcoming budget clarity are expected to influence future deal dynamics positively.

Key insights from the Q2 Dealtracker 2024

  • PE-driven volume surge in Q2 2024: The quarter marked the highest quarterly volumes since Q2 2022, primarily driven by robust PE activity. If the USD 8.5 billion, Reliance Disney merger witnessed in the previous quarter is excluded, Q2 2024 witnessed a 23% increase in values.
  • Robust M&A performance: Adani group’s acquisitions in the industrial materials and ports and terminals segment drove the M&A activity, which witnessed four high value deals collectively valued at USD 3.2 billion and accounted for 52% of the overall M&A values.
  • PE activity hits two-year high: The PE sector remained strong, recording the highest quarterly deal activity in the last two years with 21 high value deals (≥ USD 100 million), which accounted for 68% of total PE values.