PB: Tracking the macro effect on M&A

PITCHBOOK reports:

The global M&A environment is a blend of uncertainty and opportunity. Major macroeconomic headwinds and geopolitical tension are driving down transaction value and volume, yet M&A deals will still close, and certain sectors remain healthy.

Take-privates are a common theme across industries, as buyers seek to take advantage of lower multiples, according to our Q2 2022 Global M&A Report, sponsored by Liberty GTS, BDO and iDeals Solutions. Other takeaways include:

– North American M&A continued its decline, with deal volume and value both falling more than 30% from Q4 2021.

– Private equity continues to grow its market share in European M&A, with more than a third of deals in Q2 closed by a PE sponsor.

– Amid ongoing disruptions, supply chain is a key M&A theme, with several of Q2’s top deals involving logistics companies.

– Europe’s energy needs have spurred global M&A activity, with last quarter’s deal value in the sector topping $100 billion—its highest total since 2019.

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