Following our recruitment sector focused M&A publication for 2022, we have examined trends in valuations and the number of M&A deals in the first six months of 2023.
As has been the case across a number of sectors, we note that there has been a decrease in the number of deals compared to the first half of 2022, as well as a decrease in value.
The recruitment sector has had a challenging Q4 2022 and H1 2023 due to the impact of the global uncertainty in the economy. With interest rates rising and the cost of debt becoming higher, companies are stepping back on recruitment. This has been particularly prevalent in permanent recruitment.
Although our analysis focuses on the UK recruitment sector, we note that a drop off in revenue has been seen in the USA, with Europe starting to feel the pinch as well.
M&A and valuation update for H1 2023
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