In Perspective INVESTMENT BANKING
Moving Through the Market: 2024 M&A Trends
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s the first half of 2024 drew to a close, the market landscape revealed several dynamics, with deal volumes showing an upward trajectory even as the search for quality assets becomes more challenging. Below we provide a comprehensive analysis of M&A trends, unveiling the challenges and opportunities that lie ahead.
Market Trends BY M A X G O L E M B O, VIC E P R E S I D E N T, LIN COLN IN T E R N AT I O N A L
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Deal volume in the first half of this year is up, but quality varies. There are fewer sought- after assets compared to 2023, and transactions with redeeming qualities result in over-subscription from an interest perspective. Post indication of interest, private equity is digging deep into diligence. By and large, funds are bidding on a smaller percentage of deals, relative to the marketing materials they receive. They are wary of making an acquisition in a market with an uncertain macro outlook. PE is beginning to see cracks in company performance across the board. When examining their portfolios, they are identifying negative trends from both a demand perspective and input cost, which leads them to be even more skeptical when reviewing new opportunities. This trend overall is preventing deals from coming to market.
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8/1/24 11:28 AM