M&A activity in Denmark and Europe shows a promising first quarter of 2023, with only a small decrease compared to the record high levels of 2022
Summary
The number of transactions in Q1 2023 shows a solid activity level in both Denmark and Europe after the record-breaking 2022. This indicates a strong market and a good potential of continued high activity in 2023, despite a number of uncertainties at macro level in Europe.
In Denmark, the first quarter of 2023 shows promising signs that this year can continue the strong momentum from last year. There is only a small decrease in the number of transactions in Q1 2023 compared to the record high levels of 2022.
When looking at the European M&A-market, the level of activity in Q1 2023 also reflects a good activity level. The number of transactions is still at a high level and is on par with Q4 2022. The high activity level in Denmark and most of Europe reflects a confident market, however it is still too early to predict the activity level for 2023 as a whole, given the continued uncertainties, both geopolitically and a number of other areas.
(Graph; development of the number of Danish companies sold)
In Denmark, the first quarter of 2023 shows promising signs that 2023 can continue the strong momentum from last year. Financial buyers are very conscious of market realities, but show a continued appetite, and there is only a small decrease in the number of transactions compared with the record high levels of 2022. Market sentiment is more positive than we would have expected a few months ago, and the M&A market continues to display a strong resilience despite continued presence of uncertainties.DANIEL SAND – PARTNER, OAKLINS BEIERHOLM
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