What change do you expect to see in 2023 regarding the number of completed M&A transactions with PE involvement?

Likelihood of a high number of M&A transactions by industry – 2023 [%]

Pharma & healthcare

67%

Technology, software & digital solutions

61%

Energy/utilities

43%

Business services & logistics

43%

Infrastructure

42%

Industrial goods & engineering

42%

Financial services

25%

Consumer goods & retail

14%

Chemicals

14%

Automotive

Building & construction