M&A at a Glance (March 2023)

Last month, we reported that M&A activity in January was generally down by total deal value and up by deal count from December. In February, however, the trend reversed across all sectors (U.S. and global, strategic and sponsor), with total deal values up and deal counts down compared to January. Total U.S. and global deal values were up 59% and 25%, respectively, while deal counts were down 19% and 17%, respectively. Strategic total deal values were up 59% in the U.S. and 31% globally, while strategic deal counts were down 15% both in the U.S. and globally. Similarly, sponsor total deal values were up 59% in the U.S. and 3% globally, while sponsor deal counts were down 31% in the U.S. and 28% globally.