BDO Horizons 2023 - Issue 2 / 2023

This edition of BDO Horizons explores the M&A market in Q1 2023. With economic conditions driving the cost of investment higher and higher in recent years, we see a global rise in prominence of mid-market deals which target strategic expansion and portfolio enhancement as opposed to eye-catching mega-deals. At 2,565 mid-market transactions, Q1 2023 places itself in frame with pre-COVID M&A levels, though nevertheless below any quarter of 2022. From a bird's eye view, we see the global impact of the economic and political environments as we dive into regional and Thailand M&A trends, where deal activity reflect the universal interests in AI and ESG -related ventures.