The State of Sell-Side M&A in the Current Market
Although the current M&A landscape remains firmly in favor of buyers, presenting challenges for sellers who are contending with buyer-favorable deal terms and a disconnect in valuation expectations, signs of a slowly recovery are emerging.
October 13, 2023 at 04:35 PM
8 minute read
Although the current M&A landscape remains firmly in favor of buyers, presenting challenges for sellers who are contending with buyer-favorable deal terms and a disconnect in valuation expectations, signs of a slowly recovery are emerging.
Recent reports indicate that despite the fact that overall value of global M&A transactions declined during the second quarter of 2023, there was a surge in the number of announced deals in the second quarter of 2023. According to Pitchbook's M&A Report as of July 2023, whereas dollar volume has fallen in the second quarter of 2023, the total M&A deal count is higher by 28.8% in comparison with the 2017 to 2019 quarterly average.
A determinant factor for the increasingly number of transactions is the substantial uncommitted capital of private equity firms, known as "dry powder." While private equity firms have faced obstacles due to notably higher interest rates and difficulties in debt financing markets, they continue to play a pivotal role in M&A dealmaking.
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