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Laxman Pai, Opalesque Asia: Global M&A volumes and values declined during the first half of 2023 (H1'23) by 4% and 12%, respectively, from already subdued levels in the second half of 2022 (H2'22), said a study.
When compared to the first half of 2022, the declines were 9% and 39%, respectively, said Global M&A Industry Trends: 2023 Mid-Year Update by PwC.
However, PwC expects dealmaking to ramp up with war chests of cash on the sidelines ready to be deployed.
"Overall M&A activity has been uneven across regions and territories as different macroeconomic and other factors have played out, creating opportunities for investors who are willing to seek growth in other markets," said the study.
The technology, media, and telecommunications (TMT) sector was the most active sector for dealmaking in H1'23, accounting for approximately 26% of all global deal activity. However, when it came to deal values, the industrial manufacturing and automotive (IM&A) and energy, utilities, and resources (EU&R) sectors led the way with 25% and 21% of deal value, respectively.
The EU&R sector's share of overall deal value of 21% (on just 9% of deal volumes) highlights how investment funding continues to flow into the sector, with investors attracted by substantial investments in the energy transition as companies seek to deliver on net zero emissions commitments.
"Based on the green shoots we are seeing in the market, we are optimistic that the second half...................... To view our full article Click here
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