The Impact of 2023 on M&A: Baker Tilly Spain among the leaders in M&A

Baker Tilly Feb 15, 2024

Baker Tilly Spain in the top 10 M&A advisors!

According to Refinitiv's M&A mid-market ranking published last week, our firm is in the top 10.

In addition, Baker Tilly International, has been ranked as the 13th largest M&A advisor by number of deals and the 6th largest among accounting firms.

In the Global M&A Mid-Market Advisory Full Year 2023 report, which takes a detailed look at the M&A mid-market for the full year 2023, it highlights how the past year has been a turning point for the M&A mid-market, with significant declines in both deal value and volume. This analysis underscores the importance of understanding market dynamics and anticipating potential trends, providing valuable insight for investors and industry professionals at a time of uncertainty and change.

Predominant Sectors and their Decline in Middle Market M&A

The Technology sector stood out as the leader in mid-market M&A, accounting for 18% of total deals, with a value of $144.8 billion. However, this sector saw a 34% decrease compared to the previous year. The Industrials and Financials sectors were also relevant, accounting for 13% and 11% of M&A activity, respectively.

The Real Estate, Technology and Finance sectors led the decline, with an average decrease of 39% compared to 2022, highlighting the challenges they face in the current economic climate.

In conclusion, the average mergers and acquisitions (M&A) market, as we have previously discussed, experienced a notable decline this past year, reaching its lowest point in the last ten years. With a 25% reduction compared to the previous year, the cumulative value of these transactions stood at $815.7 billion, evidencing this period of slowdown in the sector. Read more details about these Mid-Market Mergers & Acquisitions data and all the rankings here.

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