Strong merger and acquisition activity continues into 2023 – PwC

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Mon, 08 May 2023

Merger and acquisition activity has been strong in the first quarter of the year with 13 deals each in the technology, media, telecoms and financial service sectors.In the latest edition of its M&A Quarterly Update, PwC reported 54 deals had been announced or completed, an increase from 45 in Q1 2022.Exactly half of the deals involved a New Zealand-based buyer and 74% were trade buyers.Exuberance overPwC NZ partner Regan Hoult said transactions were taking longer with people being more cautious, but believed this was a "reversion to no...

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