Turmoil in the banking sector has added to economic volatility, reducing the momentum of a nascent dealmaking rebound. Higher interest rates tend to slow dealmaking as they increase the cost of acquisition financing and lower equity valuations. These challenges will pressure potential sellers and add to the likelihood of more distressed activity. Meanwhile, the global equity issuance market just keeps shrinking. The total value raised from first-quarter global equity deals fell 42.8% year over year and 30.8% quarter over quarter to $56.41 billion.
Gain actionable insights into the M&A and equity issuance markets in Q1'23.
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