ANALYSIS: 2023 M&A Market May Reveal a Return to Pre-2021 Levels

As we approach 2023, the mergers and acquisitions market continues to be described as “slow” and “uncertain,” and those trends are likely to continue into the new year.

Despite this outlook, the 2023 deal forecast may not be as dreary as some predict. M&A activity in 2021 reached historic levels, and it’s hard to beat records year after year. So 2023—even if slower than 2022—could represent a return to normal in the M&A market.

Market Comes Down From Historic 2021

M&A deal volume—covering a wide variety of transaction types including minority stake transactions, private equity deals, and ...