Global dealmaking hits $4.5tn in second-best year on record
Highest-ever number of megadeals lifts total value of M&A by 50% in 2025
Highest-ever number of megadeals lifts total value of M&A by 50% in 2025

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

Twenty-two transactions each valued above $10bn announced in past three months

Industry reported $38bn in transactions in 2025 as consolidation intensifies

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

Dealmaking has been driven by Trump administration’s crypto-friendly policymaking