Q1 2023
April 26, 2023
Discount prices keep global M&A activity afloat
A persistently gloomy macroeconomic backdrop and near banking crisis drove a decline in M&A activity in Q1 2023, pushing global deal value down 32% from the peak just over a year prior.
But total M&A deal value still topped $1 trillion for the quarter. While certain sellers—think PE—stepped back in recent months, lower valuation multiples in some cases helped encourage deal flow.
Our Q1 2023 Global M&A Report, sponsored by Liberty GTS, explains which deals are happening and why, diving into dealmaking trends within industries and between regions.
Key takeaways
Founder-owned businesses made up 61.5% of all businesses sold in Q1, their highest share of the market since the great financial crisis.
Overview | 4 |
Deal metrics | 7 |
Valuation metrics | 8 |
European M&A | 9 |
North American M&A | 10 |
A word from Liberty GTS | 11 |
B2B | 13 |
B2C | 15 |
Energy | 17 |
Financial services | 19 |
Healthcare | 21 |
IT | 23 |
Materials & resources | 25 |