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Global trends in private M&A 2023

We have recently produced our annual client presentation on global trends in private M&A. Our findings draw on an in-depth analysis of more than 1,700 private M&A deals that A&O has advised on globally, looking at deal dynamics, execution risks and deal terms. This has given us exceptional insight into evolving global and regional trends in market practice.

Key themes for 2022 include:

  • Fewer auctions but more stand-out bids
  • Challenging conditions for private equity bidders
  • Deal protection dynamics starting to shift
  • Foreign investment approvals add complexity to half of large deals
  • Economic uncertainty forces shift in pricing structures
  • Overall quality of warranty packages diminishes
  • Impact of geopolitical tension and economic uncertainty evident

Please speak to your usual Allen & Overy contact if you would like to schedule a briefing on these trends.