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IMAP ANNUAL REVIEW 2023 / OUTLOOK 2024

Despite ongoing challenges and uncertainty in the macroeconomic environment in 2023, the pace of middle-market deal activity strengthened and expectations of a recession waned during the second half of the year. Indeed, while overall M&A activity was down globally in 2023, the middle-market continued to outperform the broader market and IMAP partners around the world registered another solid performance, closing 231 M&A deals worth more than $9 billion.

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