Time for a break and recharge for 2024 | The M&A Insider | Issue # 8
Where has this year gone..?
It has been long and challenging for many businesses and agency owners, dealing with uncertain pipelines and a squeeze on client spending.
Although, I’ve also heard many positive stories from independent agency owners who are thriving in these uncertain times and many who are adapting to the new AI-driven world.
M&A deal volumes have certainly been down this year, with sellers looking to delay exiting until there is more clarity on the outlook, and buyers becoming more cautious and dealing with their internal priorities and challenges first.
But the big networks have emerged again as a key buyer group, as well as continued activities among the other global networks like Brandtech Group and Stagwell.
Looking forward to 2024, we expect it to be a mixed picture and uncertainty remaining until the middle of the year. Whatever the economic outlook, there is still plenty of opportunity for agencies to support brands through the continuous evolution of the media, marketing and technology landscape.
Industry News
Mergers & acuisitions
news
Cactus News
What's Happening
7th December - B2B Agency Breakfast London
Joanne Reid & Alfie Wenegieme are heading to Boost's B2B Agency Breakfast. Drop them a DM if you'll be there, they would love to connect with you.
18th January - Sustainable Agency Growth Roundtable Lunch
Due to the rail strikes, we have re-arranged the Sustainable Agency Growth round table lunch with Joanne Reid and Alfie Wenegieme to January.
There is still one space available if you would like to learn more about scaling your business, book your place here.
Recommendations of the Month
Book:
Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life by Morgan Housel
App/Tool:
MarketMuse - AI content marketing tool
Podcast:
The secret of culture change - Jay Barney
Playlist:
3 hours of warm disco tunes to get you through the cold winter
