In the global business & consumer services industry, there were 888 M&A deals announced in Q1 2023, worth a total value of $5.6bn, according to GlobalData’s Deals Database. The $1.2bn minority acquisition of caverion by crayfish bidco was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Consumer Goods Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity decreased by 18% in Q1 2023 compared with the previous quarter’s total of $6.8bn and fell by 65% as compared to Q1 2022. Related deal volume decreased by 4% in Q1 2023 versus the previous quarter and was 10% lower than in Q1 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 23% share of the global business & consumer services industry’s M&A activity in Q1 2023, up 10% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Houlihan Lokey; Rothschild & Co; Clairfield International with 7, 6, 3 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Jones Day; Addleshaw Goddard; Kirkland & Ellis with 7, 6, 6 deals respectively.
For further understanding of GlobalData's Consumer Goods Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.