Global M&A Trends Report |
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Switzerland |
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(Europe)
Firm
Pestalozzi
Contributors
Christoph Lang |
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| 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 Switzerland are:
As a consequence of the overall economic environment, we see M&A activity remain at lower levels than compared to pre-mid 2022 (and the rise of interest rates in the second half of 2022). Valuation gaps are prominent topics in discussions between sellers and interested buyers. At the same time, we see an increasing impact of ESG topics in transactions, in particular in relation to Due Diligence and Compliance. |
| With respect to private M&A, where does your jurisdiction see most deal activity? | Most private M&A deal activity is categorized as 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 Health Care and Life Sciences 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 see growing confidence in the market, which will drive M&A activity. Market participants seem to expect that the peak of raising interest rates has been reached. |
| With respect to public M&A, what are three things on top of mind for M&A practitioners in your jurisdiction? | Not applicable as there is limited public M&A in our jurisdiction. |
| With respect to public M&A, where does your jurisdiction see most deal activity? | Not applicable as there is limited public M&A in our jurisdiction. |
| With respect to public M&A, what sector sees the most deal activity in your jurisdiction? | Not applicable as there is limited public M&A in our jurisdiction. |
| What are your predictions for public M&A deal volume in your jurisdiction during 2024? | Public M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, likely remaining slow in 2024. |
| Please share any other insights with respect to M&A in your jurisdiction: | We see a lot of opportunities for mid-market deals as inflation reduces and interest rates become more stable. Companies are likely to catch up with any delays to divestitures to streamline their businesses, focus on strategic key areas and separate from business areas with sub-average profitability. |
Global M&A Trends Report
Three things top of mind for private M&A practitioners in Switzerland are:
- General: economic environment
- General: ESG
- Commercial: valuation expectation gaps
As a consequence of the overall economic environment, we see M&A activity remain at lower levels than compared to pre-mid 2022 (and the rise of interest rates in the second half of 2022). Valuation gaps are prominent topics in discussions between sellers and interested buyers. At the same time, we see an increasing impact of ESG topics in transactions, in particular in relation to Due Diligence and Compliance.
Most private M&A deal activity is categorized as mid-market.
Most private M&A deal activity is seen in the Health Care and Life Sciences sector.
Private M&A deal volume in 2024 is predicted to be greater than 2023 deal activity, we see growing confidence in the market, which will drive M&A activity. Market participants seem to expect that the peak of raising interest rates has been reached.
Not applicable as there is limited public M&A in our jurisdiction.
Not applicable as there is limited public M&A in our jurisdiction.
Not applicable as there is limited public M&A in our jurisdiction.
Public M&A deal volume in 2024 is predicted to be the same as 2023 deal activity, likely remaining slow in 2024.
We see a lot of opportunities for mid-market deals as inflation reduces and interest rates become more stable. Companies are likely to catch up with any delays to divestitures to streamline their businesses, focus on strategic key areas and separate from business areas with sub-average profitability.