Activity in the middle market increased in September for the fourth month in a row, suggesting that dealmaking is rebounding from the slow first half of the year, according to the Mergers & Acquisitions’ M&A Conditions Index (MACI). The composite score for the MACI was 53.4, up slightly from 53.2 in August. Most index components demonstrated growth.
Leads for new deals hit 62.5, a high for the year. The component, which tracks the earliest stage of dealmaking activity, has been accelerating for eight months, indicating that the pipeline is full of potential new transactions.