Q1 CY23 sees more mid-market and traditional sector M&As as overall deal activity drops
The Economic Times in its analytical piece on the M&A deal trajectory in early CY2023 observes a focus shift towards mid-market and traditional company M&As instead of large, splashy deals. In this piece, our Partner, Jitendra Soni shares his views on what is in store for Q2 of CY2023.
According to Jitendra, “Despite what has been a fairly damp start to 2023, the next quarter is expected to be abuzz with healthy activity in India’s strategic M&A sphere. The consolidation trends of capital-rich Indian corporates aimed at combining complementary businesses for maximum synergies are likely to accelerate”.
He forecasts that, “India Inc. is unlikely to shy away from taking advantage of novel opportunities offered by the digital economy’s potential and they will continue to race to invest in the best technologies and follow the winds of change”.
The story also features our recently concluded deal where Argus Partners advised SoftBank and Tiger Global backed OfBusiness on its acquisition of Koeleman India from Koeleman Foods International B.V.
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