Looking to the year ahead, Hodes Weill & Associates, a global capital advisory firm focused on real estate, infrastructure and other real assets, believes increased mergers & acquisitions (M&A) activity is on the horizon in 2024 — particularly in the second half of the year — as consensus builds that capital markets have stabilized.
In fact, new deal flow is already beginning to pick up from the M&A slump that plagued much of last year. In its 2023 M&A Market Review: Real Estate & Real Assets Investment and Funds Management, Hodes Weill points out that four large-cap transactions, representing $178.7 billion in total target assets under management, already have been announced in 2024: Pretium Partners/Hunter Point Capital, Tricon/Blackstone, Actis/General Atlantic and GIP/BlackRock.
Summarizing M&A activity for the second half of 2023, Hodes Weill noted the percentage of minority interest transactions increased in 2023 from capi