The global M&A market in 2023 witnessed deals worth $2,223 billion, a decline of 12% compared to 2022. In terms of deal volume, there was a 17% fall from 37,186 deals in 2022 to 30,883 M&A deals in 2023. The energy sector led the M&A deal activity, with 3,559 deals worth $704.2 billion recorded in 2023. Most sectors saw a year-on-year decline in deal activity in 2023. Mega-deals (defined as any deal valued at more than $1 billion), also dipped to lowest since 2019, just 432 in 2023 compared to 816 in 2021.
If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As). This report analyzes the disruptive themes that have driven M&A activity in 2023 across all sectors including automotive, basic material, business and consumer services, consumer, energy, financial, healthcare, industrials, real estate, technology, media & telecoms, transportation, infrastructure, and logistics.
This report lists the most notable deals across all sectors to make it easy for our clients to get a view of themes disrupting these sectors and prepare for the future.
If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As). This report analyzes the disruptive themes that have driven M&A activity in 2023 across all sectors including automotive, basic material, business and consumer services, consumer, energy, financial, healthcare, industrials, real estate, technology, media & telecoms, transportation, infrastructure, and logistics.
Scope
This report provides an overview of merger and acquisition activity globally in 2023 across all sectors. This report takes a close look at the top deals in all the sectors and identifies the themes driving each of these deals. This report also looks at the deals trend across North America, Europe, China, APAC Ex-China, South America, and Middle east and Africa.Reasons to Buy
Companies that invest in the right themes become success stories; those that miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As).This report lists the most notable deals across all sectors to make it easy for our clients to get a view of themes disrupting these sectors and prepare for the future.
Table of Contents
- Review of the global M&A market - 2023
- Top M&A deals by sector - 2023
- Top M&A deals by geography - 2023
- Top themes driving M&A activity - 2023
- M&A outlook for 2024
- Further reading
- Appendix 1: Deal selection criteria
- Appendix 2: Thematic Research Methodology
- About the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adobe
- Apollo Global Management
- Claure Group
- Euronext
- Intel
- Capricorn Energy
- Albemarle
- Frontline
- MaxLinear
- Apollo Global Management
- Option Care Health
- Figma
- Millicom International Cellular
- Allfunds Group
- Tower Semiconductor
- NewMed Energy
- Liontown Resources
- Euronav
- Silicon Motion Technology
- John Wood Group
- Amedisys
- ExxonMobil
- Chevron
- Oneok
- Occidental Petroleum
- Harbour Energy
- Energy Infrastructure Partners
- Chevron
- Xylem
- Energy Transfer
- Enbridge
- Pioneer Natural Resources
- Hess
- Magellan Midstream Partners
- CrownRock
- Wintershall Dea
- Eni Plenitude
- PDC Energy
- Evoqua Water Technologies
- Crestwood Equity
- Dominion Energy Questar
- The East Ohio Gas Company
- Dominion Energy Gas Distribution
- DEO Alternative Fuel
- Cisco
- ADIA
- KKR & Co
- Vodafone UK
- Japan Industrial Partners
- Nasdaq
- GTCR
- Microsoft
- Endeavor Group
- The Walt Disney
- Emerson Electric
- Splunk
- TIM
- Hutchison 3G
- Toshiba
- Adenza
- OpenAI
- World Wrestling Entertainment (WWE)
- NBCUniversal Media (Hulu)
- National Instruments
- Borouge
- Coolabah Metals
- Newmont
- Bunge
- Nippon Steel
- Carrier Global
- Apollo Global Management
- Glencore
- Apollo Asset Management
- Solenis
- Borealis
- Thomson Resources
- Newcrest Mining
- Viterra
- United States Steel
- Viessmann Climate Solutions
- Univar Solutions
- Teck Resources
- Arconic
- Diversey Holdings
- Pfizer
- Bristol-Myers Squibb
- Merck & Co
- AbbVie
- AbbVie
- Biogen
- Roche
- Cooper Consumer Health
- IQuest Enterprises
- Freya Bidco
- Elliott Investment Management
- Patient Square Capital
- Veritas Capital
- Seagen
- Karuna Therapeutics
- Prometheus Biosciences
- ImmunoGen
- Cerevel Therapeutics
- Reata Pharmaceuticals
- Telavant
- Syneos Health
- Viatris**
- Dechra Pharmaceuticals
- WestRock
- Japan Industrial Partners
- Endeavor Group
- Tapestry
- Freya Bidco
- Sheikh Jassim Bin Hamad Al Thani
- Honeywell
- Tempur Sealy International
- JS&S
- WT Microelectronics
- Smurfit Kappa
- Toshiba
- World Wrestling Entertainment (WWE)
- Capri Holdings
- Dechra Pharmaceuticals
- Manchester United
- Carrier Global
- Mattress Firm Group
- Swire Pacific
- Future Electronics
- Liaoning Asset Management
- PNC Bank
- Aon
- JPMorgan
- Nasdaq
- GTCR
- Clayton, Dubilier & Rice
- China Mobile
- Bain Capital
- Brookfield Reinsurance
- Shengjing Bank
- Signature Bridge
- NFP
- First Republic Bank
- Adenza
- Worldpay
- Focus Financial
- China Postal Savings Bank
- Guidehouse
- American Equity Investment
- Carrier Global
- BAE Systems
- Apollo Asset Management
- Honeywell
- Schaeffler
- Summit Materials
- Georg Fischer
- HEICO
- Lone Star Funds
- KKR & Co
- Viessmann Climate Solutions
- Ball Aerospace & Technologies
- Arconic
- Vitesco Technologies
- Argos USA
- Uponor
- Wencor Group
- Carlyle Group and Stellex Capital
- CIRCOR International
- Brookfield Infrastructure
- Brookfield Infrastructure
- Ontario Teachers' Pension Plan
- Bain Capital
- ALD Automotive
- Honeywell
- Allied Universal
- Chow Tai Fook
- AviLease
- Teleperformance
- Metropolis Technologies
- Triton International
- Compass Datacenters
- Guidehouse
- LeasePlan
- Carrier Global
- G4S
- NWS Holdings
- Standard Chartered Bank
- Majorel
- SP Plus
- Brookfield Infrastructure
- Stonepeak Partners
- CMA CGM
- Chow Tai Fook
- Lone Star Funds
- Alaska Air
- Hitachi Rail
- Nippon Express Europe
- Air France
- Shao-Ning Johnny Chou
- Cainiao Smart Logistics Network
- BJ Russell Holdings
- Alibaba Investment
- Denlux Logistics Invest
- Triton International
- Textainer Group
- Bollore Logistics
- NWS Holdings
- Carlyle Group and Stellex Capital
- Hawaiian Airlines
- Thales
- Cargo-Partner
- SAS
- BEST
- Extra Space Storage
- Realty Income
- Healthpeak Properties
- LondonMetric Property
- Global Net Lease
- Kimco Realty
- Primonial REIM
- Kennedy-Wilson Holdings
- KSL Capital Partners
- Regency Centers
- Life Storage
- Spirit Realty Capital
- Physicians Realty Trust
- LXI REIT
- Necessity Retail REIT
- RPT Realty
- Icade
- Pacific Western Bank
- Hersha Hospitality Trust
- Urstadt Biddle Properties
- Apollo Asset Management
- Wetteri
- Schaeffler
- LKQ
- Apollo Future Mobility
- Stellantis
- Asbury Automotive Group
- Foxconn
- Hyundai Motor
- Kia
- Sime Darby
- Arconic
- Suvanto Trucks
- Vitesco Technologies
- Uni-Select
- WM Motor Global Investment
- Zhejiang Zero Run Technology
- Jim Koons Automotive
- ZF Chassis Modules
- 42dot
- UMW Holdings
- Brookfield Infrastructure
- Stonepeak Partners
- RenaissanceRe
- China Southern Power Grid
- Niagara Energy
- HDI International
- Calleja
- Klabin
- Brookfield Reinsurance
- Triton International
- Textainer Group
- Fiplasto
- AlphaCat Managers
- Validus Reinsurance
- Enel
- Compania Energetica Veracruz
- Enel Generacion
- Liberty Mutual Insurance
- Almacenes Exito
- Copec
- Argo Group
- Borouge
- Abu Dhabi National Oil
- Badeel and ACWA Power
- Brookfield Asset Management
- Bayanat AI
- Ooredoo
- MMG
- Aristocrat Leisure
- International Resources Holdings
- Borealis
- Fertiglobe
- Network International
- Yahsat
- Zain and TASC Towers
- Cuprous Capital
- Al Shuaibah 1 and Al Shuaibah 2 Solar PV Projects
- NeoGames
- Mopani Copper Mines
