Global M&A Activity Slows Ahead of US Elections

Companies delay major deals due to regulatory uncertainty and upcoming US presidential elections.

Global mergers and acquisitions (M&A) activity is expected to weaken in the fourth quarter of 2024, with a significant slowdown in the US market.
US M&A volume in 2024 has decreased by 8%, while Asia-Pacific and Europe have seen increases of 54% and 7%, respectively.
Regulatory scrutiny and interest rates have particularly impacted 'megadeals' worth more than $25 billion, with no $50 billion-plus transactions signed this year.
Investment bankers anticipate a rebound in 2025, driven by potential Federal Reserve rate cuts and pent-up demand post-elections.
Private equity firms are preparing for increased activity next year, bolstered by lower interest rates and substantial capital reserves.