PitchBook - Global M&A Report

In the first quarter of 2022, global M&A activity was divided. Although previously agreed deals were completed as planned, the number of newly announced deals decreased due to the instability caused by Russia's invasion of Ukraine. The final number of deals for the quarter was lower than the high levels seen in the latter half of 2021, but it was still promising compared to figures from the past five years. However, the short pause in dealmaking as investors assessed the impact of the geopolitical conflict is expected to impact future data. As a result, the impact of the situation in Ukraine is anticipated to be reflected in the coming quarters.