(Finance) – TheM&A activity amounts to $1.3 trillion from the beginning of 2023, down 38% from the same period last year and equal to the slowest first half since 2020; in terms of the number of M&A deals, the decline was 11%, also hitting a three-year low. This is what emerges from the data of Refinitiv Deals Intelligence, according to which the M&A for transactions exceeding $10 billion was down 52% from the same period last year, while deals under $500 million were down 38%.
M&A activity since second quarter to date it is up 23% from the first quarter of this year, which ranked as the slowest first quarter since the first quarter of 2013.
The geographical areas
The mergers and acquisitions in Europe they’ve reached $249.5 billion so far this year, down 50% from a year ago and at a 10-year low. M&A in the United States YTD to $545.0 billion, down 41% year-to-date and the slowest year-to-date period since 2020. Asia Pacificcame in at $286.7 billion, down 34% and at a three-year low.
The sectors most involved
So far this year, the conclusion of agreements in the industry Energy & Power accounts for 14% of global M&A with $180.6 billion of deals announced, down 20% from last year. The sector Healthcare accounts for 14% of deals, with $174.6 billion of deals announced, up 35%. The sector Technology accounts for 14% of global M&A with $172.4 billion of announced deals, down 68%.
The role of private equity
Global M&A activity backed by private equity it has totaled $263.3 billion since the start of 2023, a 51% drop from last year. Private equity-backed acquisitions account for 21% of overall M&As so far this year, down from 26% since the start of 2022. By number of deals, global PE-backed M&As are down 2 % from a year ago. This marks the slowest year-to-date for global PE-backed deals, by value, since 2020 and marks the sixth-largest opening period for taking private equity deals since the history began in 1980.
The most active advisors
JPMorgan took first place for the work of M&A consultancy globally since early 2023, bolstered by No. 1 positions in the US and Asia Pacific, while Goldman Sachs took the first position in Europe. Nomura took first place in Japan. Led by Centerview Partners in fifth place, 10 consulting firm independent have ranked among the top 25 global financial advisors since the start of 2023, compared to just seven companies in the first quarter of the year.
The biggest deals
In first place by size is the acquisition from 42.1 billion of dollars of Seagen from Pfizerfollowed by the acquisition of Teck Resources from Glencore for $37.3 billion, Black Spade Acquisition’s acquisition of VinFast Auto for $23 billion, Newmont’s acquisition of Newcrest Mining for $19.8 billion.
(Photo: Photo by Ben Tovee on Unsplash)