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M&A summary
Will the DigitalCommerceM&A marketbe the first to recover?
For several consecutive quarters at the height of Covid,
frenzied tech M&A activity went hand in hand with
frenzied IPO and fundraise activity. In the M&A advisory
space, this was translated into several “dual-track”
processes, with many tech businesses opting to explore
late-stage funding opportunities and resorting to an
M&A process depending on market response.
1,017 deals closed in the first half of 2023, with 491 deals
in Q1 and 526 deals in Q2. This is a marked decrease on
2022 figures, but a huge increase on pre-pandemic
figures, confirming our assumption that the digital
commerce M&A market would soon return to more
normal deal-making.
The M&A market is slowly inching its way back up to
more momentum in the space, possibly benefiting from
the much slower revival of IPO and fundraise markets
across tech and digital commerce in particular.
In the latter half of 2022, transaction activity in the
Digital Commerce sector dropped from the historically
unprecedented highs of Q1 2022. Now, in 2023, deal
activity appears to be picking up again: we saw a total
TotalnumberofDigitalCommer。。。以下略