S&P Global Market Intelligence Quarterly Report Finds Dealmaking Activity Remains Depressed in Q2 of 2023 with Global M&A Value down 42.4% YOY
The headwinds facing dealmaking for much of the last six quarters are expected to continue plaguing transaction activity in the second half of 2023. Geopolitical unrest, rising rates and economic growth concerns are all giving companies pause before pursuing transactions.
"The lack of equity issuance and M&A announcements since the early part of 2022 has created some pent-up demand," said Joe Mantone, lead author of the report. "It's no surprise that we've seen some pockets of quarter-over-quarter growth, but activity levels are far from normal. Companies and investors should gain more clarity over the direction of interest rates and the economy later this year and once that occurs, markets could become more sanguine and supportive of deal activity."
Key highlights from the quarterly report include:
- Second-quarter M&A transactions' total value was
$564.03 billion 42.4% decline from an already low base a year earlier. - The total value raised from global equity deals increased
28.8% quarter over quarter to$77.39 billion $260 billion - The total number of global M&A announcements in 2023 hit a monthly low in June with just 3,044 transactions.
The quarterly report provides an overview of global M&A and equity issuance trends, offering insights into the sectors and geographies that are seeing the most activity. It also focuses on deals with the highest valuations and strategies larger players pursue that underscore trends occurring throughout an industry. S&P Global Market Intelligence has produced the quarterly global M&A and equity offering report since the first quarter of 2018.
To request a copy of the 2023 Q2 Global M&A and Equity Offerings Report, please contact press.mi@spglobal.com.
S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.
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SOURCE S&P Global Market Intelligence
