Strategic Alternatives

From innovation to disruption, this fast-moving sector is set for more twists and turns, as an upcoming wave of M&A activity appears on the horizon. As players of all sizes navigate today’s macroeconomic context, how will companies approach their next deal decisions this year? What is the outlook for healthcare M&A in 2023?

What are the prospects for cryptocurrency M&A? Crypto challenges aside, blockchain technology has become an attractive and unexpected M&A target. As blockchain infrastructure companies continue to mature, learn how regulation and technology adoption will have an impact on deal activity this year.

History tells us that bold moves during times of turbulence tend to win, and today’s market is ripe with opportunity. Many tech players are cash rich and ready to transact. Meanwhile, well capitalized corporates and private equity firms are also looking to M&A. Who will win in today’s tough environment?

The regulatory and activism lens is widening across a bigger range of deals, dealmakers, and across a wider spectrum of industries. Discover how the year ahead will see major shifts in how regulators evaluate M&A transactions in RBC’s Global Market Outlook, with Vito Sperduto, Co-Head, Global Mergers & Acquisitions, Larry Grafstein, Deputy Chairman, Global Investment Banking, and Ben Mandell, Head, Mergers & Acquisitions.

2023 will bring a ‘new normal’, making it an opportune time for dealmakers to redefine their M&A playbook as transactions become more complex, scrutinized and specialized. Learn how the architecture of a transaction and the fundamentals of deal execution will be more important than ever in RBC’s Global Market Outlook, with Vito Sperduto, Co-Head, Global Mergers & Acquisitions, Larry Grafstein, Deputy Chairman, Global Investment Banking, and Ben Mandell, Head, Mergers & Acquisitions.

In almost every corner of the globe, rising macro and market volatility has increased the complexity and cost of M&A. Can dealmakers find new ways to create value in 2023? Find out in RBC’s Global Market Outlook with Vito Sperduto, Co-Head, Global Mergers & Acquisitions, Larry Grafstein, Deputy Chairman, Global Investment Banking, and Ben Mandell, Head, Mergers & Acquisitions.

Key points:

• Boardroom confidence has dipped due to macro uncertainty, but corporates are still poised for M&A action.
• 2022 activity has dropped below the highs of 2021, but remains strong compared to pre-pandemic levels.
• Slower economic growth, geopolitics and company actions to diversify supply chains are key factors feeding a trend toward more domestic M&A activity.
• Higher interest rates require a financing reset, but many corporates are armed with strong balance sheets.

Hear the discussion on how public policy factors into current deals.

Key points:

• Increasing antitrust scrutiny is extending M&A deal timelines and heightening the need to focus on certainty of closure.
• A lag in valuations means smaller tech companies are turning to big tech buyers, though these are the deals under closest scrutiny.
• Private equity is well positioned financially but deals in this space should also increasingly come under the regulatory microscope.
• Shareholder activism has returned after a pandemic lull; companies with a sound, articulated strategy are best placed to handle this well.