Bain's Global M&A Report 2024

Gaining an Edge in a Market Reset

M&A’s 2023 headline was the valuation gap between buyers and sellers. Strategic deal multiples fell to the lowest level in 15 years, even as public market multiples neared all-time highs. In our sixth annual M&A report, we explore the reasons behind this trend and share our perspective on the upcoming year. Our analysis spans 14 industries and four regions, complemented by additional insights into the impact of generative artificial intelligence and regulatory scrutiny on dealmaking.