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Mergers and acquisitions slowed quite a bit in the first half of 2022. It dropped by almost a third. Not to worry. A report from PricewaterhouseCoopers (PwC) says things are going to look a lot better in the near future.
Here are the details. PwC said from mid-November last year through mid-May of this year there were 343 transactions. They totaled $15.4 billion in value. That compares to $31.4 billion and 476 transactions in the same time period a year earlier.
That’s a 28% drop.
The second quarter of 2022 — from the end of March to the middle of May — had only 27 announced deals. Of the 343, most — 313 — were brokerage companies. The other 30 were in the underwriting area.
“Although deal activity slowed in the first half of 2022 due to the overall economic environment, we expect deal activity to rebound in the second half of the year driven by strong interest in the sector from PE-backed buyers,” PwC said.
Source link: Business Insurance — https://bit.ly/3y2htxH |
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