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Sector snapshot H1 2023: specialty chemicals

Our industrials sector co-head Tom McCarthy recently took a look at the specialty chemicals sector. He notes that M&A activity in the specialty chemicals sector is down, but not out.

Specialty chemicals M&A activity has shown remarkable resilience in the first half of 2023, outperforming other industrial sectors with deal volumes nearing H2 2022 levels and only 10% below historical averages. Despite a general dip in appetite for large deals, the sector boasted five mega-deals over US$500 million, far exceeding the average and signaling strong interest in high-quality assets amidst fierce competition. Although deal completion times have stretched due to cautious due diligence and fluctuating market variables, the sector’s M&A landscape remains robust, driven by corporate restructuring, private equity strategies, and ongoing succession challenges.

Read the full report here.

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