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Sector Bites - F&B March 2023

M&A continued to prosper in the first five months of 2022 after a record-breaking year in 2021, although the 16 June 2022 US Federal Reserve Bank interest rate increase coupled with increased macroeconomic uncertainty marked a significant turning point for the global deal market.

Middle East/North Africa M&A activity exceeded US $85.2 bn in 2022. Both Investment banking and Advisory fees reached an all-time high reaching US $1.6 bn and US $0.5 bn growing by 5% and 35% respectively.