Bain & Company July 11, 2023
The strategic M&A market is in limbo as both buyers and sellers navigate this weird economy.
At a Glance
- Overall global M&A value is down 44% in the first five months of 2023.
- Macroeconomic and interest rate uncertainty continues to complicate dealmaking and foster caution among sellers and buyers alike.
- Valuations for strategic technology deals declined dramatically, but valuations have held steady or ticked up in most other sectors.
- Dealmaking is likely to resume faster than many have anticipated and favor the best-prepared buyers and sellers.
We’re now 12 months into a lethargic mergers-and-acquisitions market, with deal values and volume well off postpandemic highs. Consider the mixed signals dealmakers...