Animal spirits have returned to M&A
Chief executives of the world’s big companies have decided to get back in the deal making game
Chief executives of the world’s big companies have decided to get back in the deal making game

Global transactions of $10bn or more hit 63 as Trump deregulation and fading trade war risks spur M&A blitz

Volatility is keeping market-making desks active at a time when mergers and issuance have slowed

Global dealmaking is up by a third this year, setting 2025 up to be the best 12-month stretch since 2021

Boards should heed the lessons of the last record surge in big M&A in 2015

Interest in AI and defence tech start-ups has boosted investor activity after a prolonged slowdown

Highest-ever number of megadeals lifts total value of M&A by 50% in 2025