UK M&A Activity Q3 2023
UK deal volume and values remain subdued for Q3-23 compared to the same quarter last year Q3-22.
Rickitt Mitchell’s market analysis (powered by Pitchbook) shows deal value dropped to £59.1bn in Q3-23 from £70.7bn in Q3-22, a decline of 16%. Transactions involving Private Equity saw a 23% drop in value to £26.9bn, whereas Corporate M&A slowed significantly more stability, registering a modest 4% drop to £21.6bn from £22.4bn. Earlier stage Venture Capital raises registered their first year-on-year increase in value to £5.5bn (versus Q3-22, £5.2bn). Overall deal volume continued its year-on-year decrease, registering 1,858 in Q3-23 compared to 2,362 in Q3-22, a 21% year-on-year decline.