Branchout Turkey is pleased to present its report, "M&A Outlook 2023." Its primary purpose is to provide an overview of M&A transactions globally and in Türkiye in 2023, and to provide our readers with information on transactions in Türkiye and transactions by Turkish companies abroad.
In 2023, merger and acquisition transactions fell to their lowest level in a decade due to macroeconomic uncertainties, high financing costs, and geopolitical risks. From Türkiye's perspective, the February 6 earthquakes centered in Kahramanmaraş and the general elections were among the factors affecting transaction volumes.
When evaluating transactions in Türkiye for 2023, domestic investors stood out in terms of transaction volume, while the parallel transactions between domestic and foreign investors in terms of transaction volume were striking. Foreign investors' demand for domestic high-technology companies continued this year.
As Branchout Türkiye, we are pleased to announce the "2023 Mergers and Acquisitions Outlook" report.
Branchout Turkey predicts 2024 as a year in which companies' access to financing will become somewhat easier, but economic and political volatility will continue. Despite these anticipated global challenges, the growing appetite for investment in Türkiye and the development of the entrepreneurial ecosystem are promising.
Turkey maintains its position as an attractive region for foreign investors in terms of its strategic steps towards developing the entrepreneurial ecosystem and increasing collaborations.
With this perspective, it is recommended that financial and strategic investors re-evaluate the dynamics and opportunities in the Turkish market.
We wish our readers an enjoyable read of our report, "Branchout Turkey Mergers and Acquisitions Outlook 2023," prepared from a global and Turkey-specific perspective on mergers and acquisitions. We extend our gratitude to the Branchout Turkey Corporate Finance and Strategy team and the entire Branchout family.