PwC: Global M&A market is expected to recover, with large transactions becoming the key driving force
PwC recently released the "Global M&A Trends Outlook 2025". The report pointed out that the global M&A market is expected to recover in 2025, with large transactions becoming a key driving force. Data shows that the volume of large transactions with a transaction value of over US$1 billion will increase by 17% in 2024, and the average transaction size will increase significantly, reflecting the urgent need of enterprises for growth and transformation. Important factors such as AI technology reshaping business, enhanced liquidity of private capital and a wave of divestitures of non-core assets have jointly driven the increase in market activity. However, the volume of small and medium-sized transactions fell by 18%, highlighting the valuation differences and financing challenges, and the market presented a "two-sided" situation.