As the weather heats up there appears to be some cooling in the M&A volume of transactions in the Consulting and IT Services sector. There was obviously the rapid reduction during the first Covid-wave in 2020 followed by a recovery/catch-up. Then there was the second wave hit followed by the vaccine-driven recovery in 2021. In middle of 2022 there is now a slight drop in volumes. The good news for the sector is that the longer-term trend remains upwards. We will update again later in the year.
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