DC Advisory’s Global M&A Outlook 2025: Searching for equilibrium
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- M&A in 2024 has lacked any vitality; with deal volumes down 5% following last year’s 24% decline
Figure 1: Global M&A deal volumes (January - November)
Source: Mergermarket (For details regarding search criteria, please see the Appendix*)
Drivers of M&A
- It is remarkable that so many deals have been done at all. Political uncertainty in major markets has been prevalent in 2024, compounded by wars that have had a profound and wide-reaching impact
- Private equity, roughly one half of the market, has continued to be in hibernation
- The end of that hibernation will drive significant market activity because private equity is behind its natural divestment schedule – not by months but by years; and the capital available for investment is at unprecedented levels
- In our view, it is not a question of if, it is a question of when and how quickly the market will find its equilibrium
- In this review we attempt to predict future activity for both private equity and corporates
Key Contacts
*Appendix
The following table describes the search criteria used for the chart and graph data contained in this report:
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Figure 1: Global M&A deal volumes
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All reported acquisitions with deal values less than £1bn, including those with undisclosed values, across all sectors and geographies - calculated as January to November’22, January to November’23, and January to November‘24 |
Disclaimer
DC Advisory has prepared this material solely for informational purposes and it is not a research report. This material does not constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of any offer to buy, or any recommendation with respect to, any securities.
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