November 2023 — By Harbor View Advisors
In Q3 2023, the M&A landscape presented a complex narrative. Private equity exit activity faced headwinds, experiencing decreases in exit value from the prior quarter. Fundraising dynamics, on the other hand, displayed resilience. Despite initial concerns, middle-market funds gained traction, signaling an evolving limited partner sentiment, while mega-fund fundraising fatigue began to wane.
The deal landscape witnessed notable shifts, as platform leveraged buyouts (LBOs) grappled with reduced leverage opportunities. Carveouts and add-ons surged in popularity, and banks re-emerged as lenders for large LBO transactions, alongside private credit sources.
With activity already starting to rebound from this year’s lull, many dealmakers on both ends of the table are optimistic about a productive Q4 and, subsequently, a healthy 2024.
Learn more about broader trends examined in the Industrial Tech space and our spotlight on the United Auto Workers strike.
DISCLAIMER This presentation is intended for information and discussion purposes only and does not constitute legal or professional investment advice. Statements of fact and opinions expressed are those of the participants individually and, unless expressly stated to the contrary, are not the opinion or position of Harbor View Advisors, LLC (“HVA”). The information in this presentation was compiled from sources believed to be reliable for informational purposes only. HVA does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented.
