PitchBook – Global MA Report, 3Q 2023

According to the recent PitchBook Global MA Report for the third quarter of 2023, the global market for mergers and acquisitions (M&A) experienced a significant decrease in deal value, reaching its lowest point in nearly 10 years. However, there are several factors indicating a potential recovery in the M&A market in the coming year. One promising factor is the massive amount of capital available for private equity sponsors, with trillions of dollars in dry powder waiting to be invested in new deals. Additionally, corporations have accumulated substantial cash reserves that can be used for M&A transactions. Furthermore, the report suggests that lower valuations in the private market may incentivize public strategic buyers to acquire private companies, as they can secure attractive deals. The M&A report, supported by Liberty GTS, not only analyzes the trends that have influenced dealmaking during the third quarter but also explores the positive signs for the resurgence of M&A activity.