R.L. Hulett on LinkedIn: Terminated private equity deal downtrend signals improving M&A climate (2024)

Although we are very much off and running with deal activity in the first month of 2024, I glimpsed in the 'rear mirror' last week to read Pitchbook's 2023 Global M&A Report, which they've just released. This is worth taking 20 minutes to download and read. Key takeaways:• Theglobal M&A market experienced its second weakest year in a decade in 2023, with total deal value at $3 trillion, a 15.8% decrease from 2022. Despite this downturn, the last quarter showed improvement, signaling potential recovery.• Cross-border M&A between North America and Europe has consistently favored Europefor seven years, with substantial net inflows into Europe. The strong dollar and relatively cheaper valuations of European targets are contributing factors.• Transaction multiples in North America and Europe are showing signs of stabilization. There's a slight improvement in median EV/EBITDA multiples in 2023. As with our own prediction, PitchBook thinks this indicates a firming trend despite being below the peak levels of 2021.• In North America, Q4 2023 saw an increase in M&A value, driven mainly by the energy sector, with significant deals in oil and gas as well as materials (noting that Exxon's acquisition of Pioneer alone represented $59.5bn in deal value). Despite a challenging year with a decrease in total deal value and number of transactions, there are optimistic prospects for deal activity improvement, contingent on economic conditions.• Overall,PitchBook is cautiously optimistic for the M&A market going forward, with inflation fading and expectations of falling interest rates. However, geopolitical tensions and the risk of a recession pose uncertainties that could impact deal-making activity.Have questions or wondering what the M&A market outlook will mean for your acquisition program?Reach out today to discuss.#mergersandacquisitions #marketoutlook #corporatedevelopment #CNP #MandAInsights

Nearly three-quarters of #commercialrealestate executives surveyed plan to invest in distressed assets in 2024, with an allocation of between 11-25 percent being the most popular category, followed closely by an allocation of up to 10 percent. View the full results: https://ow.ly/GpvG50QN80H

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Real estate friends and colleagues - Check out the insightful results of Seyfarth Shaw LLP's 2024 Real Estate Market Sentiment Survey for more useful information about the state of the market.

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What do real estate executives predict for 2024? Click the link below to see the full survey results. What do you think 2024 will bring?

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In Seyfarth's 9th annual Real Estate Market Sentiment Survey, 74% of real estate executives predict that they plan to invest in distressed assets in 2024. Seyfarth's multidisciplinary Distressed Situations Team has anticipated this and is ready to help. Click the link below to see the full survey results.

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A great short read on the state of the M&A markets! #baincapitalcredit #capstonepartners #newwatercapital #antarescapital #vsscapital Bailey McCann

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The Q3 market data is out.By now, we have all heard that M&A activity has slowed in 2023. Statistics from the first 3 quarters have proven that to be true. Here is a quick summary…➡️ Overall global M&A value was down 26% and private equity deals fell 40% compared to 2022.➡️ The number of private equity-backed deals, however, is up 2.5% from last year for a total of 10,481 so far.➡️ The top 3 private equity-backed sectors were tech, financials, and healthcare. Check out the PE Hub article linked below to learn more.What are your predictions for the end of the year?#Market #DealValue #PrivateEquity #Business #Data https://lnkd.in/g_gdBF66

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Unveiling the state of North American markets in Q3: Top 10 deals sum up to $82.8 billion, marking a 21.3% decline QoQ. With 6 out of 7 sectors showcased in the deal leaderboard, diversity remains a key player even amidst softer M&A activity. #MarketUpdate #QuarterlyReport#MexicoRising #BusinessGrowth #MergersAndAcquisitions #economictrends #BusinessTrends #MarketStability #Finance #BusinessResilience #MAActivity#PrivateDebt #InvestmentTrends #MarketInsights #PrivateCredit #FinancialSuccess #InstitutionalInvestment #PrivateEquity #VentureCapital #Innovation #MarketTrends #Acquisitions #Investment #EconomicGrowth #ResilientEconomy #PEdeals #VentureDebt #investing #FamilyOfficeGLOBAL M&A Report Q3 2023. PitchBook Data, Inc. (2023, October 25). https://lnkd.in/e4yaq6WVDisclaimer:The content provided by Autori Partners on our social media platforms is for informational purposes only and should not be construed as financial advice. This information does not constitute a recommendation or offer to buy or sell any financial instruments or adopt any investment strategy. Always seek the advice of a qualified financial advisor or other relevant professional with any questions you may have regarding your personal financial situation. Investing involves risk and past performance is not indicative of future results.Please review this with your legal team or a professional to ensure it meets your specific requirements and complies with all applicable laws and regulations.

Despite the decline in global M&A activity through Q2 of 2023, deal multiples in several key sectors like Utilities, Information Technology, and Financials are worth examining. Explore our infographic for the details: https://ow.ly/mbWy50PARHF

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The Global M&A report via PitchBook Data This discusses the current state of global M&A dealmaking, which is slowly recovering after two years of declines. Despite a 5-10% increase in deal activity, private equity deals are still sluggish, hindering the industry's stronger recovery.Key takeaways:Global M&A dealmaking is slowly recovering after two years of declines.Private equity deals are still sluggish, holding back a stronger recovery.Deal multiples have remained stable, indicating that the valuation reset may be complete and prices could continue to rise for public companies.Counter arguments:The recovery in global M&A dealmaking may be hindered by ongoing sluggishness in private equity deals.There is a possibility that deal multiples may start to increase, potentially leading to overvalued prices for public companies.https://lnkd.in/gHRkDzwX

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