Mid-Market M&A Pulse Check 2023

CIL’s latest Mid-Market M&A Pulse Check reveals a perceived decline in the level of mid-market M&A activity through 2023, but a busier market could be just around the corner.

Our results reveal:  

• Lower deal activity, caused by higher interest rates, reduced access to debt and general widespread market uncertainty.  
• A move away from a seller-favorable to buyer-favorable environment, implying that multiples are potentially softening. 
• An expected rebound in deal activity over the next 12 months in line with easier access to debt, with over 80% anticipating deal volumes to materially increase by the end of 2023. 

We hope that you find the results of interest. If you would like to discuss any of the points raised in this report or the trends we are seeing in the North American M&A market, do get in touch.