For the full year 2023, the BeautyMatter Deal Index tracked 258 deals, a 23.2% decline versus the 336 tracked in 2022. The Index also tracked a record-shattering 28 bankruptcies and shutdowns during the year, more than those tracked in 2020, 2021, and 2022 combined, with 18 tracked in the back half of 2023. Deal activity in the first half of 2023 was weak, down 36% year over year, but Q4 helped salvage the back half of the year. During Q4, the BeautyMatter Deal Index tracked 84 deals, a 12.0% increase from last year. As a result, deal activity in the back half of the year was only down 5.0% versus last year. Q4 was unique in that most of the beauty deal activity was M&A related versus growth investments, which typically dominate activity. 49 deals, or 53.3% of deal activity, were M&A related, a 69.0% increase over last year.
Beauty Deals: Investment + M&A Transactions Year End 2023:
