Mazars CEE deal advisory highlights 2023

In 2023 Mazars has been ranked the 3rd leading deal advisor in Central & Eastern Europe, based on the Mergermarket CEE Accountant League Table by the number of successful deals, and among the top 5 players by disclosed M&A deal value in CEE.

Our highlights feature a selection of projects we advised throughout the region in 2023. 

Reflecting on the year, there are a few key themes that have directed and influenced Mazars’ transactional activity in CEE:

  1. Strong cross-border dealmaking, with inbound investments coming mostly from Western Europe and the USA, but also from other parts of Europe (Middle-East for example);
  2. Private equity buyouts are still very active;
  3. Robust M&A activity in the following sectors: Energy & Renewables, Technology, Industrials, Healthcare & Pharmaceuticals, and Telecommunications;
  4. Some M&A transactions involving CEE buyers develop outside our region, particularly in Western Europe.

Mazars expects these themes to still influence the CEE deal activity in 2024. Despite the challenges related to the geopolitical tensions in Ukraine and the Middle East, the energy crisis, relatively high inflation and interest rates, dealmakers are positive concerning the upcoming months: Central & Eastern Europe is well-positioned to benefit from industrial nearshoring, succession planning, further PE funds activity, the shift towards renewables and further market consolidation in selected sectors being the main drivers of that trend.

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