In 2023, the small-cap M&A sector navigated through shifting sands, facing a downturn that hadn’t been seen since 2019.
![Top 10 Global M&A Financial Advisers for 2023 by Small-Cap Deal Count. PHOTO: Krugman Insights. Source: LSEG](https://krugmaninsights.com/wp-content/uploads/2024/03/Screenshot-2024-03-25-133253-738x1024.webp)
Data from London Stock Exchange Group (LSEG) reveals a 13% decline in worldwide deals valued at up to US$50 million, totalling US$186.8 billion. This contraction