M&A activity in the fourth quarter of 2022 increased slightly but remained down from its record levels in recent quarters. Rising interest rates, high inflation, and volatile equity valuations will continue to pose headwinds for the M&A landscape heading into 2023. Alternative funding sources are gaining popularity as the cost of capital continues rising, and diligence standards are becoming more stringent as acquirers search for maximum value. … [Read more...]

M&A activity in the third quarter of 2022 slowed from its record levels in recent quarters. Global economic uncertainty driven by rising interest rates, high inflation, and volatility in the equity markets will continue to pose headwinds for the M&A landscape for the remaining months of 2022 and into early 2023. As the cost of capital rises, smaller deal sizes and alternative funding sources are becoming more popular as both sponsors and strategics search for new ways to create value. … [Read more...]

Following a year of record M&A activity, the second quarter of 2022 finished strong compared to historical trends.  Substantial liquidity among strategics, private equity firms, institutional investors, and SPACs is driving up transaction multiples. Global economic uncertainty driven by rising interest rates, supply chain challenges, labor shortages, and volatility in the equity markets continues to pose headwinds for the M&A landscape for the remainder of 2022. … [Read more...]

Following a year of record M&A activity, the first quarter of 2022 finished strong compared to historical trends.  Substantial liquidity among strategics, private equity firms, institutional investors, and SPACs is driving up transaction multiples. The average Enterprise Value / EBITDA was 24.9x, rivaling the second quarters of 2021 and 2019, both well above average. Multiples in this range indicate we are still in a seller’s market. Global economic uncertainty driven by rising interest rates, supply chain challenges, labor shortages, military conflict, and volatility in the equity markets continues to pose headwinds for the M&A landscape for the remainder of 2022. … [Read more...]

Welcome to the quarterly M&A update for the first quarter of 2022. Our 2022 First Quarter Report analyzes data from the fourth quarter of 2021. North America M&A activity continued at a rapid pace in the fourth quarter of 2021. More than 5,300 deals closed for a combined $843.41 billion transaction value in the quarter, setting both a deal count and value record. As of December 31, an estimated 18,538 deals have been completed in 2021 for a total value of $2.75 billion. This is an increase of $507.65 billion in deal value recorded compared to 2020. … [Read more...]

Welcome to the quarterly M&A update for the fourth quarter of 2021. Our 2021 Fourth Quarter Report analyzes data from the third quarter of 2021. North America M&A activity continued its bull run in the third quarter of 2021. More than 4,600 deals closed for a combined $708.3 billion transaction value in the quarter, setting both deal count and value on track to exceed the previous annual record. As of September 30, an estimated 12,855 deals have been completed in 2021 for a total value of $1,863.9 billion. This is an increase of $802.4 billion in deal value recorded for the same period in 2020. … [Read more...]

Welcome to the quarterly M&A Update for 2021. While several proposed regulatory and tax policy changes under the Biden Administration, such as a new executive order that ratchets up antitrust scrutiny in financial services, healthcare, transportation, and other industries, may negatively affect M&A activity, the current deal flow through the first half of 2021 remains robust. … [Read more...]

Welcome to the quarterly M&A Update for 2021. With a quick vaccine rollout, uncertainty is beginning to subside, and the combined number of announced and completed deals is reaching record levels. … [Read more...]

Welcome to the quarterly M&A Update for 2021. COVID-19 brought deal making to a standstill in the second quarter, driving the aggregate value of M&A deals completed below $2 trillion for the first time since 2015. … [Read more...]

Welcome to the quarterly M&A Update for 2020. M&A activity in North America has picked up amid the global pandemic, validating earlier claims that this would be a V-shaped recovery. … [Read more...]

Welcome to the quarterly M&A Update for 2020. M&A activity in North America continues to decline amid the ongoing global pandemic. … [Read more...]

Welcome to the quarterly M&A Update for 2020. M&A activity in North America has seen mixed results in response to the global pandemic. … [Read more...]