While 2022 marked a record year for Advior International and Members are still working on a robust pipeline of deals, it appears that deals take significantly longer to cross the finish line. According to our Members, this is partly due to diverging seller and buyer expectations on valuation. Also, due diligence exercises take longer to complete and transaction financing
is harder to come by as banks and other lenders have been dealing with a larger backlog of transactions and sometimes adopting a portfolio first approach thereby also reducing financial sponsor activity, all of which set against the backdrop of rising interest rates.
Our Members remain cautiously optimistic for 2023 as they expect relatively higher M&A activity levels in TMT, Healthcare, and Energy, with activity in other sectors being more muted. In our current Q1-2023 Dealbook, we introduce our DACH & CEE Members, DZ Bank AG (GER), Raiffeisen Bank International (AUT & CEE), and Raiffeisen Switzerland (SUI) in a short profile and take a closer look at their M&A teams and their strong, combined track record.
For more information, please access the Advior International-Dealbook Q1 2023.