Report

Global M&A Insights: Innovation thrives amid challenging conditions 2023

We predict that Middle Eastern sovereign wealth funds, changes to US merger control rules, climate-friendly tech, public-to-private deals, and US energy and clean tech policy will drive deal-making in the second half of 2023.

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Read Time
8 mins
Published Date
Apr 9, 2024
Against the backdrop of high inflation and rising interest rates, global M&A remains volatile with total deal value in the first half of 2023 at USD1.2 trillion, around one-third of 2022’s annual total. In this report, we identify the top five opportunities for global dealmakers to take advantage of significant domestic policies, new pockets of finance, and sustainability-driven initiatives, as well as hopeful signs such as an improving S&P 500 and high-yield bond market. 
Summary

Bolstered by higher oil prices, Middle Eastern sovereign wealth funds are pursuing a broader range of M&A opportunities, including full buyouts and co-investments alongside strategic acquirers as well as growth investments in the tech sector. 

The US Inflation Reduction Act and Infrastructure Development and Jobs Act are set to drive dealmaking much earlier in the development cycle, following USD150bn of investment in domestic utility-scale clean energy projects. 

The race to Net Zero is driving cross-sector, cross-border collaborations as businesses bid to develop new low-carbon energy sources with applications from grid-scale electricity generation to powering container ships. 

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Global M&A Insights - Innovation thrives amid challenging conditions

Article

Jul 6 2023

Dive into the report

Here, you will find a link to the executive summary - Global M&A Insights - innovation thrives amid challenging conditions- which outlines the five main themes in our analysis. You can also follow the links to gain more insight into the trends we cover in the report. 

Eight cogs, sitting on a table all connected

Middle Eastern sovereign wealth funds reshape global M&A terms

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Jul 6 2023

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DOJ and FTC propose changes to merger control regime that will increase information requirements on deal-makers

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Oct 5 2023

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Complex cross-border challenges change nature of technology transactions

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Jul 6 2023

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Public-to-private deals present a target for arbitrage funds

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Jul 6 2023

A person standing on a balcony, looking onto a modern city with large skyscraper buildings

Groundbreaking U.S. energy policy generates wave of innovative M&A

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Jul 6 2023

Related people

This report was developed by lawyers across our global network with leadership roles in corporate, IP, data & tech, M&A, funds & asset management, employment, and commercial law. You can read about their expertise below. 
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