Global M&A declines 36% YTD as number of deals drop 20% from last year’s record
47,922 deals were announced globally during the first eleven months of 2022, the second highest first eleven-month total since our records began in 1980.
These deals were worth a combined US$3.3 trillion, down 36% compared to the all-time record of US$5.2 trillion set during the first eleven months of last year.
Deals totalling US$213.7 billion were announced globally during the month of November 2022, 3% more than the previous month.
US M&A declines 39% YTD; Tech leads sectors YTD; Mega Deals decline 38% YTD
US$78.3 billion worth of deals involved a US target during the month of November 2022, 23% less than the value recorded during the previous month and down 60% compared to November 2021. Deals involving a European target totalled US$34.3 billion, a three-month low, while merger activity in Asia Pacific reached US$56.8 billion, the highest monthly total since August 2022. Compared to the first eleven months of 2021 US M&A declined 39%, while European and Asia Pacific M&A both declined 33%.
Technology was the leading sector during the first eleven months of 2022, with deals totalling US$696.6 billion, accounting for 21% of total global M&A. Technology M&A declined 32% compared to the same period last year, but reached the second highest level since our records began in 1980. Energy & Power was the next most targeted sector, accounting for 14% of global M&A. While all sectors saw declines from last year, energy & power fell the least, down just 13% from 2021 levels.
Five deals worth US$5 billion or more were announced globally during November 2022, compared to 21 during November 2021. 84 mega deals were announced during the first eleven months of 2022, 45% less than the number recorded during the same period last year, and the lowest number since 2017. The combined value of these deals is US$1.1 trillion, down 38% from US$1.7 trillion during the same period in 2021.
Here is the Monthly Snapshot for November 2022.