GCG’s Q2 2024 Middle Market Update provides an overview of the latest trends in the market, including the recent performance of select sectors and the state of the middle market M&A environment.
Key findings include the following:
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- Middle market public companies continue to lag larger public companies in market performance. The S&P 500 index is up 22.6 percent over the past year ending Q2 2024 vs the Greenwich Middle Market index, which is down (9.6) percent.
- M&A deal activity is stabilizing and showing improvement compared to the same period in 2023. The Q2 2024 M&A activity is similar to Q1 2024; however, deal value is up over 21 percent from Q2 2023, and the volume is up over 7 percent.
- There are changes in which industry sectors are more active in M&A vs Q2 2023. Consumer deals are up considerably during the past 12 months. At the same time, healthcare deals have shown a sharp decline.
Click here for the full update.