贝恩： 2024年并购报告(英文 120 页)

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Contents

Letter from the Leader of Bain’s M&A Practice 3

State of the Market 5

Looking Back at M&A in 2023: Who Wins in a Down Year? 6

Looking Ahead: How the Big Backlog Will Shape the 2024 M&A Agenda 13

Hot Topics 18

Generative AI in M&A: Where Hope Meets Hype 19

Regulation and M&A: How Scrutiny Raises the Bar for Acquirers 24

Industries 30

M&A in Aerospace and Defense: Four Themes Shaping Space Industry Deals in 2024 32

M&A in Automotive and Mobility: Deals to Secure a Place in the Industry’s Future 37

M&A in Building Products: Venturing beyond the Core 43

Can Consumer Products Companies Master the Small Deal? 47

M&A in Retail: Why Scale Still Is Paramount in Grocery 53

M&A in Banking: Three Small Waves of Deals 57

M&A in Insurance: Deals Advance Capabilities and Risk Prevention 61

M&A in Payments: Making Strategic Moves, with Few Headline Deals 65

M&A in Wealth and Asset Management: Finding Pockets of Opportunity in a Slow Year 69

M&A in Energy and Natural Resources: The Circular Economy Is Not Linear 73

M&A in Healthcare and Life Sciences: A Shrinking Margin for Error in Deals 78

M&A in Media: Big Changes Are Forcing Bold Moves 82

M&A in Technology: Getting Serious about Product Synergies 85

M&A in Telecommunications: Making the Right Selective Bets in a Tough Environment 90

Regions 96

M&A in Brazil: International Buyers Act While Domestic Acquirers Show Caution 97

M&A in India: Continued Optimism Fuels Momentum 101

M&A in Japan: Resilient Activity—but Now It’s Time for More 105

M&A in the Middle East: From Green Energy to Asian Expansion to Football 109

Methodology 113

Key contacts 116

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2024 年全球并购报告

在市场重置中获得优势

内容

贝恩并购业务负责人致辞3

并购市场状况 5

回顾2023年并购：低迷之年谁胜出？ 6

展望未来：大量积压订单将如何影响 2024 年并购议程 13

热门话题 18

并购中的生成式人工智能：希望与炒作的结合 19

监管与并购：审查如何提高收购者的门槛 24

行业并购分析 30

航空航天和国防领域的并购：四大主题

塑造 2024 年航天产业交易 32

汽车和移动领域的并购：交易在行业的未来中占据一席之地 37

建筑产品并购：超越核心 43 的冒险

消费品公司能否掌控小额交易？ 47

零售业并购：为何规模在杂货行业仍然至关重要 53

银行业并购：三小波交易 57

保险业并购：交易提升能力和风险防范 61

支付领域的并购：采取战略举措，但头条交易很少 65

财富和资产管理领域的并购：发现缓慢的一年中的机遇 69

能源和自然资源领域的并购：循环经济不是线性的 73

医疗保健和生命科学领域的并购：交易失误的空间不断缩小 78

媒体并购：重大变革迫使采取大胆举措 82

技术领域的并购：认真对待产品协同效应 85

电信领域的并购：做出正确选择艰难环境中的选择性投注 90

地区并购分析 96

巴西的并购：国际买家法下收购方表现谨慎 97

印度的并购：持续的乐观情绪推动势头 101

日本的并购：弹性活动——但现在是时候采取更多措施了 105

中东并购：从绿色能源到亚洲扩张再到足球 109

方法论113

主要联系人 116