Lumina Cross-Border M&A Insights 2024
Lumina is delighted to release its 2024 UK-Middle East cross-border deals insights paper (click here to download a copy). Key themes covered in the report include:
A challenging year for M&A globally in 2023, but the region, relatively, outperformed
We predict 2024 to be the year of private equity and private credit, with funds being raised from regional domestic, international and Sovereign Wealth Fund. Why?
Reduced funding costs
Deal valuations (finally) aligning between buyer and seller
Family offices consolidate (and exit non-core assets) creating higher quality, investable assets
The best-in class companies from the 2020-2022 VC vintage boom seeking growth capital and entering PE’s sweet spot of the $50m-$300m ticket
We are seeing a shift towards larger, growth capital and more classic ‘buyout’ transactions as regional champions across construction, healthcare and infrastructure services continue to be created and international firms consolidate, acquire or grow regional positions
More than 70% of closed M&A deals are, today, crossborder in nature. Deals are becoming larger, more sophisticated and taking longer to close (with extra layers of diligence)
2024 to see global growth in M&A - the region will need to compete with other growing markets for global M&A teams’ focus