"The higher cost of capital impacts strategic [and] corporate [buyers] in a big way. And that does feed into their decision matrix around the types of return they’re going to get for an asset. And similarly, it impacts private equity ... sometimes even in a bigger way."

Kevin Martin, the deal leader of KPMG’s U.S. Consumer and Retail division, commenting to CNBC for its report this week, "Retail and Consumer IPOs, Deals Tail Off as More Businesses Set Their Sights on 2023." Also of note, private equity deals were off the most in the first quarter, KPMG found, falling 51 percent from the fourth quarter of 2021, according to CNBC's report. The Federal Reserve’s more aggressive approach to interest rates has proven to be one key deterrent.