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Pharma and Healthcare Dealtracker: Q3 2023
This publication covers the performance of the pharma and healthcare sector in Q3.
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Q3 2023 witnessed stable M&A deal activity, recording 82 deals at USD 7.7 billion, marking the highest quarterly values in 2023. However, the PE sector recorded its lowest figures, impacting the overall deal activity in Q3 2023. During this period, only 302 deals valued at USD 13.4 billion were recorded, marking the lowest quarterly volumes in the last three years. The decline in deal volumes and values was primarily due to dwindling investor activity. Large deals made a comeback in Q3 2023, with six megadeals valued over USD 1 billion, taking the average deal size to USD 37 million.
Despite this, the near-term economic outlook for 2023-24 remains positive due to India's growth-oriented policies, reduced inflation, and increased infrastructure spending. This strong domestic growth is expected to fuel deal activities. Buyouts and majority-stake acquisitions have notably increased, primarily in traditional sectors. The ongoing digital transformation in India is set to accelerate e-commerce growth, attracting global technology and e-commerce giants to the Indian market. Key sectors such as e-commerce, IT & ITES, pharmaceuticals and healthcare witnessed significant deal activity, underscoring their importance in the Indian economy.
"India's unwavering commitment to global cooperation and its demonstrated economic resilience has positioned the country for a promising future in deal activities. With a robust GDP growth in Q1FY24 and a strategic emphasis on multilateralism, India is poised to weather challenges. While concerns persist over declining global trade and potential US interest rate hikes, stable M&A deals in Q3 2023, with six megadeals, suggest a positive near-term outlook. With growth-oriented policies, reduced inflation, and increased infrastructure spending, India's domestic growth is set to fuel deal activities, particularly in traditional sectors (pharmaceuticals and healthcare) and the ever-accelerating digital transformation landscape (e-commerce and IT & ITES)."
Shanthi Vijetha, Partner, Growth, Grant Thornton Bharat
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Technology Dealtracker: Q3 2023
This publication covers the performance of the technology sector in Q3.
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Financial Services dealtracker: Q3 2023
This publication covers the performance of the BFSI sector in Q3.
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Automotive dealtracker: Q3 2023
This publication covers the performance of the automotive sector in Q3.
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Consumer and retail dealtracker: Q3 2023
This publication covers the performance of the consumer and retail sector in Q3.
News & updates
Deals fall 41% to $2.16 billion in October; Middle East conflict can impact activity, says report
16 Nov 2023Media Monitoring Agency - Concept BIU offers an extensive range of products and services, customized to client requirements. Each product and service is matched to maximize the value add to its clients.
Healthcare and pharma sector sees surge in high-value deals: Report
30 Oct 2023The Private Equity (PE) sector experienced a decline in both values and volumes compared to the previous quarter
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20 Oct 2023According to the Grant Thornton Bharat Financial Services Dealtracker Report, 2023, Q3 saw 40 deals valuing USD 1.7 billion, a 30% fall in values. Volumes have seen a 23% decline, from 52 deals last quarter.