London Stock Exchange Group | Global M&A Passes The Trillion Dollar Mark After Slowest Annual Start in Three Years

by | Jun 1, 2023

    • A lower January to May total has only been recorded once in the last decade, in 2020.
    • The number of deals declined 14% compared to last year to a three-year low of 21,301.
    • US$212.7 billion worth of M&A transactions were recorded during the month of May, 20% less than the value recorded during the previous month.

 

 

  • US$572.1 billion worth of deals involved a target in the Americas during the first five months of 2023, 38% less than a year ago and the lowest annual start since 2020, while Asia Pacific M&A declined 38% to a three-year low of US$237.9 billion.  European M&A declined 57% from last year to a decade low of US$191.4 billion.
  • Healthcare was the leading sector during the first five months of 2023, with deals totalling US$159.9 billion, accounting for 15% of total global M&A.  With the exception of Healthcare and Materials, all sectors saw large double-digit percentage declines in deal value from last year.
  • Private equity-backed deals declined 55% to a three-year low of US$219.7 billion.  The number of deal announcements declined 7% year-on-year but reached the third highest year-to-date level of all time.
  • Vinfast’s US$23 billion spac merger was the largest deal announced during the month of May.  A total of twenty-nine deals worth US$5 billion or more were announced globally during the first five months of 2023, compared to forty-nine during the same period last year.

 

Sources: Data – “LSEG Deals Intelligence” | Commentary – “Lucille Jones, Senior Manager, Deals Intelligence, LSEG”

 

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