Dealmaking dipped again in April, with the composite score of Mergers & Acquisitions’ Mid-Market M&A Conditions Index (MACI) of 52.0, down from the March score of 54.6. (See related chart). Despite the drop, the April composite score beat the 51.3 average for the first quarter, offering a glimmer of hope for the second quarter.
Looking at selected components of the index, leads for new transactions dropped, and signed letters of intent stayed essentially flat. Respondents to our survey said they experienced an increase in completed deals, but, according to data provided by Thomson Reuters, the volume of closed mid-market transactions declined in April.