Deal activity in the US in 1Q23 slowed a bit relative to the high amount of activity seen in 2022. Companies have experienced slowed growth – the elevated demand for goods and services in 2022 was, in part, due to pent up demand during the Covid years and, once satisfied, slowed as 2023 began. As a result, many companies were less attractive acquisition candidates which has delayed M&A activity.
The M&A industry itself in the US has suffered a little from the collapse of Silicon Valley bank and the rise in interest rates.
Post by Andrew Heitner, ALCON PARTNERS