PB: M&A shops the discount rack

PITCHBOOK reports:

Discount prices keep global M&A activity afloat 
 
A persistently gloomy macroeconomic backdrop and near banking crisis drove a decline in M&A activity in Q1 2023, pushing global deal value down 32% from the peak just over a year prior. 
 
But total M&A deal value still topped $1 trillion for the quarter. While certain sellers—think PE—stepped back in recent months, lower valuation multiples in some cases helped encourage deal flow.  
 
Our Q1 2023 Global M&A Report, sponsored ...