Pitchbook – Global M&A Report, 2023

The Global M&A Report by Pitchbook provides insights into the current state of mergers and acquisitions worldwide. The report, which was updated on September 29, 2023, to include the latest deal value, highlights the significant amount of money available for M&A activity. Private equity sponsors and corporations are holding trillions of dollars in dry powder and cash, reaching close to all-time highs. This abundance of ready capital has kept the number of M&A deals on par with last year's figures. However, the value of these deals is decreasing at a faster rate. Purchase price multiples have also fallen by 20% from their peak levels. The Q2 2023 Global M&A Report, sponsored by Liberty GTS and RBC Capital Markets, delves into the competition between the available dry powder and cash reserves for M&A transactions and the high interest rates that make such deals costly. The report provides a breakdown of deal multiples by region and sector, offering valuable insights for those interested in the M&A landscape.