M&A monitor
Global M&A – value and volume
Global**
M&A value
$3,855.04bn
M&A deal volume
41,004
Top 3 deals
1
$68.7bn
Activision Blizzard Inc / Microsoft Corp
2
$68.3bn
VMware Inc / Broadcom Inc
3
$60.4bn
Housing Development Finance Corp Ltd / HDFC Bank Ltd
Inbound:
most targated markets
US
10,215 deals
◂$1,732.2bn
UK
3,185 deals
◂$386.7bn
China (Mainland)
3,719 deals
◂$272.8bn
Outbound:
most acquisitive markets
US
11,250 deals
▸$1,875.2bn
UK
2,901 deals
▸$330.5bn
China (Mainland)
3,630 deals
▸$257.3bn
USA**†
M&A value
$1,732.24bn
M&A deal volume
10,215
Top 3 deals
1
$68.7bn
Activision Blizzard Inc / Microsoft Corp
2
$68.3bn
VMware Inc / Broadcom Inc
3
$40.2bn
Twitter Inc / X Holdings I Inc
Inbound:
markets investing into
US companies
US
8,387 deals
◂$1,526bn
Canada
336 deals
◂$37.7bn
UK
259 deals
◂$25.6bn
Outbound:
markets US companies are
investing into
US
8,387 deals
▸$1,526bn
UK
537 deals
▸$72.1bn
Germany
177 deals
▸$34.7bn
Europe**†
M&A value
$958.44bn
M&A deal volume
12,892
Top 3 deals
1
$52.1bn
Atlantia SpA / Schemaquarantatre SpA
2
$20.7bn
Firmenich International SA / Koninklijke DSM NV
3
$17.2bn
Swedish Match AB / Philip Morris Investments BV
Inbound:
markets investing into
European companies
UK
2,310 deals
◂$269.2bn
US
1,600 deals
◂$192bn
Italy
568 deals
◂$65.1bn
Outbound:
markets European companies
are investing into
UK
2,183 deals
▸$257.1bn
US
761 deals
▸$88.1bn
Italy
677 deals
▸$72bn
APAC**†
M&A value
$832.28bn
M&A deal volume
13,432
Top 3 deals
1
$60.4bn
Housing Development Finance Corp Ltd / HDFC Bank Ltd
2
$22.1bn
Ramsay Health Care Ltd / Investor Group
3
$7.5bn
Baring Private Equity Asia Ltd / EQT AB
Inbound:
markets investing into
APAC companies
China (Mainland)
3,383 deals
◂$241.4bn
Japan
3,324 deals
◂$113bn
US
706 deals
◂$110.3bn
Outbound:
markets APAC companies
are investing into
China (Mainland)
3,488 deals
▸$240.5bn
India
1,171 deals
▸$113.8bn
Japan
3,162 deals
▸$108bn
** Deal value includes net debt of target | † Includes domestic deals | Source: Refinitiv | Data correct to 3/1/23
Financial sponsor M&A – top 3 deals with buyside financial sponsor involvement
1
$52.1bn
▾
Atlantia SpA / Schemaquarantatre SpA
2
$22.1bn
▾
Ramsay Health Care Ltd / Investor Group
3
$16.4bn
▾
Citrix Systems, Inc / Investor Group
Our team
Arun Balasubramanian Partner
Hong Kong, Singapore
Dr. Heiner Braun Partner
Frankfurt am Main
Kate Cooper Partner
London
Sebastian L. Fain Partner
New York
