Inflation and uncertainty prevailed in 2022 – fueled primarily by supply chain issues as we emerged from the pandemic, and the outbreak of war in Ukraine.

Carrying out M&A became even tougher as business plans and valuations became more difficult to assess. This is compounded by the growing prominence of Environmental, Social and Governance (ESG) considerations in the deal space – including earlier in due diligence and in valuations.

Despite the challenges, dealmaking proved resilient last year. While many sectors reported a fall in total deal values and volumes, this followed a peak in 2021 and therefore signaled a return to more usual levels of M&A activity in 2022. 

Your guide to the Swiss M&A landscape

Our report brings together what you need to know about M&A in 2022 involving Swiss businesses as buyers or targets, and includes our outlook for 2023.

It contains deal statistics from last year, highlights the most noteworthy transactions, and presents latest trends and drivers that are impacting deal activity.

Lead the way in ESG due diligence

M&A teams increasingly conduct ESG due diligence on targets at an early stage. Yet, many are unclear how to incorporate it into existing due diligence frameworks. Even more are unsure what ‘good ESG due diligence’ looks like.

Based on our expert insights and a survey of more than 150 active dealmakers across Europe, the Middle East and Africa (EMA), our article sets out what works, what does not work, and immediate priorities for M&A practitioners incorporating ESG into transactions.

Talk to our experts

M&A transactions are becoming increasingly complex, with due diligence and valuations both having to take into account growing uncertainty and a range of ESG considerations. This calls for evolving skill sets and insights in order to secure deal success.

If you are looking to acquire, divest, merge or restructure, you need support from M&A professionals who combine deep expertise with extensive practical experience. KPMG’s multi-disciplinary Deal Advisory team will help you deliver value – from strategy development through to successful implementation. 

Deal Announcements

Bouygues E&S

KPMG Deal Advisory

acted as sole M&A lead advisor and financial VA and tax services provider to Bouygues E&S on the sale of its business unit Helion to AMAG Group

November 2022


KPMG Deal Advisory

acted as sole M&A lead advisor and financial and tax due diligence provider to Calida Group on the acquisition of Cosabella

May 2022


KPMG Deal Advisory

provided Nestlé with financial and tax due diligence support in connection with their acquisition of Ankerkraut GmbH

April 2022

Rieter Management AG

KPMG Deal Advisory

provided operational and financial carve-out and integration support as well as IFRS Purchase Price Allocation support in connection with Rieter’s acquisition of the Schlafhorst automatic winder business, Accotex and Temco from Saurer


Discover more

Access our insights into what is happening in the deal markets, how deal-making is advancing through the use of data analytics, and a host of other resources that are relevant to anyone active in M&A today.