Paul, Weiss Memo: M&A at a Glance (August 2023)

U.S. and global M&A activity fell in July by most measures compared to June. Total deal value was down 6% in the U.S. and 19% globally, while the number of deals fell 13% in the U.S. and 6% globally. Strategic activity was down, with total deal value falling 12% in the U.S. and 7% globally, and the number of deals falling 17% in the U.S. and 8% globally. Sponsor activity was also generally down, but with modest increases in total deal value in the U.S. (which was up 1%, compared to a decline of 35% globally) and the number of deals globally (which was up 5%, compared to a decline of 2% in the U.S.).