Competitive companies are continuously looking for potential targets. And with decreasing valuations and ample buying opportunities, dealmakers can be much more selective about which assets they agree to purchase. In fact, in the first half of 2023, deal completion rates fell to 47% compared to 53% in the first half of 2022. Buyers and sellers alike are walking away rather than risking a bad deal.
But to take advantage of reduced competition, companies need to stop tracking their deal pipelines with manual processes and siloed technologies. An M&A platform brings all communication and documents in the process together into one place, making it easier to manage. With a purpose-built platform, you can: