Dealbook 1H-2023: A slower M&A market in the 1st half of 2023, but business remains above pre-pandemic levels

Looking at our Members’ reports from their geographies one can discern some divergence in local M&A market developments, e.g. while the Danish market has retained its momentum, we see that in France the market saw a drop by almost 30% in M&A value for the first six months of 2023 year-on-year. This is due to a notable moderation in the large deal segment and in the private equity and venture capital activity. Although dry-powder remains on record levels, private equity players are more selective in terms of larger transactions. Corporates are expected to remain active across the deal size spectrum.

For more information, please access the Advior International-Dealbook 1H-2023