Global M&A Trends Report |
|
Austria |
|
|
(Europe)
Firm
CERHA HEMPEL Rechtsanwälte GmbH
Contributors
Georg Konrad |
|
| With respect to private M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | Three things top of mind for private M&A practitioners in Austria are:
ESG is more and more an issue due diligence-wise and FDI is also increasingly important. Foremost valuation issues due to the interest rate increases and the unknown decrease thereof lead to asset valuation issues not only regarding real estate but also more generally. Lastly, we see and expect more distressed M&A in 2024. |
| With respect to private M&A, where does your jurisdiction see most deal activity? | Most private M&A deal activity is categorized as below mid-market. |
| With respect to private M&A, what sector sees the most deal activity in your jurisdiction? | Most private M&A deal activity is seen in the Real Estate sector. |
| What are your predictions for private M&A deal volume in your jurisdiction during 2024? | Private M&A deal volume in 2024 is predicted to be greater than 2023 deal activity. We believe there will be more distressed M&A as well as some deals to pent-up demand in 2024. |
| With respect to public M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | A few things top of mind for public M&A practitioners in Austria are:
In public M&A, the valuation issues seen in private M&A are less of an issue. |
| With respect to public M&A, where does your jurisdiction see most deal activity? | Most public M&A deal activity is categorized as top-tier. |
| With respect to public M&A, what sector sees the most deal activity in your jurisdiction? | Most public M&A deal activity is seen in the Energy sector. |
| What are your predictions for public M&A deal volume in your jurisdiction during 2024? | Public M&A deal volume in 2024 is likely to be greater than 2023 deal activity. Based on the overall market development and our insights into transactions we believe that 2024 will see an increase in activity respectively some transactions will continue and be closed in 2024. |
| Please share any other insights with respect to M&A in your jurisdiction: | The insolvency of the Real Estate group SIGNA is very interesting to follow and will lead to a lot of work in Austria and Germany. |
Global M&A Trends Report
Three things top of mind for private M&A practitioners in Austria are:
-
General: ESG
-
Commercial: valuation expectation gaps
-
Regulatory: national security and foreign investment restrictions
ESG is more and more an issue due diligence-wise and FDI is also increasingly important. Foremost valuation issues due to the interest rate increases and the unknown decrease thereof lead to asset valuation issues not only regarding real estate but also more generally. Lastly, we see and expect more distressed M&A in 2024.
Most private M&A deal activity is categorized as below mid-market.
Most private M&A deal activity is seen in the Real Estate sector.
Private M&A deal volume in 2024 is predicted to be greater than 2023 deal activity. We believe there will be more distressed M&A as well as some deals to pent-up demand in 2024.
A few things top of mind for public M&A practitioners in Austria are:
-
General: ESG
-
Regulatory: national security and foreign investment restrictions
In public M&A, the valuation issues seen in private M&A are less of an issue.
Most public M&A deal activity is categorized as top-tier.
Most public M&A deal activity is seen in the Energy sector.
Public M&A deal volume in 2024 is likely to be greater than 2023 deal activity. Based on the overall market development and our insights into transactions we believe that 2024 will see an increase in activity respectively some transactions will continue and be closed in 2024.
The insolvency of the Real Estate group SIGNA is very interesting to follow and will lead to a lot of work in Austria and Germany.