Unexpected Plunge ??
?? At the start of the year, we had many conversations about this year surpassing all previous records of M&A transactions. Given the challenges of raising funds in an environment of higher interest rates, a subdued IPO market globally, and more urgent cash conservation imperatives,?consolidation or acquisitions seemed like a viable option as an alternative to fundraising.
?? The numbers suggest that M&A activity so far has been relatively on the down-low. According to Crunchbase, M&A deals slipped 31% year-on-year globally. In the MEAPT region, exit deals fell by 35% compared to Q1 of last year,?our charts here have their own story to tell!
?? It is likely that companies are still adapting to the current economic conditions and might not be wanting to make deals at a time of rising costs of capital and interest rates. Some startups like?Swvl, which had been on an acquisition spree up until last year, pushed back on their expansion plans to focus on profitability. Moving forwards, as companies adapt to the current climate and readjust their strategies, there might be an uptick in mergers and acquisitions.
???This Week's Insights and Charts:
How did the global events and struggles reflect on the MENA region and its top geographies? Farah El Nahlawi , Senior Research Associate at MAGNiTT, highlights some of the challenges in our latest webinar.
领英推荐
Our Business Development Executive,? Kapil Ramani , is here to showcase the various features that MAGNiTT offers to help legal firms achieve their goals.
?? Notice Board:
???? We are excited to announce that we are actively hiring in Saudi Arabia and looking for a talented Saudi national to join us as KSA Country Lead.
?? MAGNiTT aims to become the reference for VC Data in Emerging Markets. With Saudi Arabia being one of the hottest hubs in Venture Capital investment, we are committed to strengthening our position in the country and are looking for our next sales team member!
All ??-ed up! Reach out on social media with your feedback, suggestions, and love:?Twitter???Instagram???Facebook
???Subscribe to our flagship newsletter?to get your weekly VC fix, and request a?free demo?to our platform to get real-time data for everything VC!