2023 Global M&A Outlook 

As we look ahead in 2023, the outlook for mergers and acquisitions (M&A) around the globe still seems to be one of optimism and opportunity, despite the ongoing uncertainties and challenges related to COVID and economic conditions that may become more volatile through the course of the year.  Several of the top indicators that continue to give analysts optimism about a robust year for M&A include:

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• A strong growth directive in many companies and industries that will be difficult to meet organically (without acquisitive growth)

• An abundance of available capital (despite the increase in the cost of capital as compared to the low rates of the past two years) 

• Private Equity reporting significant amounts of dry powder 

• Companies in sectors like technology, healthcare, and renewable energy, looking to capitalize on rapidly growing trends which cant be attained timing wise through a "build" strategy 

• Improvements in the global economy that increases focus on companies expanding global reach through cross-border deals

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While M&A activity was down in 2022 from 2021's record place, it was still a significant year for M&A, leading many to wonder when this pace will fall off. However, consensus seems to favor that there are enough well-positioned buyers and favorable market conditions that will continue to fuel significant amounts of M&A activity through the remainder of 2023. However, with Big Tech layoffs and the memory of 2008/2009 still hanging over many deal makers, may see buyers take a more conservative approach early in the year until markets steady a bit.  For a deeper dive on what industry experts are saying, see the insights listed below.