M&A Set to Pick Up in 2024 Despite Ongoing Headwinds
Environment Remains Challenging Given Higher Cost of Financing, Geopolitical Tensions, Shifting Antitrust RegulationDeal Activity Bottomed Out in Early 2023; Increasing Deal Volume and Pick-up in IPO Market Spark Optimism About the Year AheadBOSTON—Over the past year, M&A dealmakers have confronted their most prolonged challenges since the 2008–2009 financial crisis. Rising interest rates, geopolitical tensions, and recession fears contributed to a sustained downturn in deal activity that bottomed out in the first quarter of 2023.