Bain - Global M&A Report 2023

The global M&A market saw a dip in 2022 with a 36% decrease in deal value to $3.8 trillion, despite a strong start to the year. The slowdown was a result of an interest rate hike by the US Federal Reserve Bank and heightened macroeconomic uncertainty that impacted megadeals greater than $10 billion and slowed smaller deals. However, deal volumes dropped by only 12%, indicating resilience and commitment among dealmakers. The first five months of 2022 saw a continuation of strong dealmaking activity but slowed down in the second half of the year.