Contact us

10th April 2024

Q1 2024 Market Insights Update

Cabrera Capital Markets Advisory Group has published its latest Q1 2024 Quarterly Newsletter, which highlights notable M&A and capital market activity in the U.S. across various market sectors. The first quarter of 2024 has seen slightly diminishing macroeconomic headwinds and improving liquidity conditions.

Deal activity has been steady with estimated deal count slightly higher relative to the past year, but deal value is moderately lower. Overall, debt to enterprise value slightly deteriorated in Q1, and debt to EBITDA ratios were also below long-term averages. Add on acquisitions and small to mid-market transactions continue to drive deal activity amid the challenges of tightened credit conditions, market volatility, and geopolitical threats.

So far this year, valuation multiples have increased on an EBITDA and revenue basis. While it is a bit too early to say M&A is back, we are encouraged by the recent trends.

If you have any questions or want to learn more, reach out to Anshul Agrawal, Director of Advisory.

Related Articles

Market Insights

17th November 2025

Municipal market update

The municipal market held steady last week with MMD unchanged despite a light new issue calendar last week met with uneven demand. Lipper reported steady fund inflows at $405 million with a slowing primary calendar and upcoming November and December redemption flows, providing a favorable backdrop.

Read more