The robust M&A markets of 2021 and 2022 lost their momentum as concerns over an impending recession and rising interest rates caused a shrink in the pool of companies available for sale and a decline in buyer demand. Despite these challenges, strategic and financial buyers still possessed substantial capital to invest, leading to a consistent demand for high-quality companies on the market. Conversely, companies with lower profit margins and slower growth rates witnessed a drop in interest from potential buyers. Read the full report.