Looking at sellers by geography, 39% were based in the US, followed by the United Kingdom at 8%, France at 7% and Germany and Australia at 6% each. North America and Europe represented major M&A hubs, though there was significant activity in APAC and South America as well.

As it concerns the geographic location of buyers, 45% were based in the US, followed by France at 9%. The United Kingdom, Canada, the Netherlands and Norway were each home to 4% of acquirers Dealmaking remained highly international, with 41% of transactions being cross-border.