THE MOMENTUM CONTINUES
2022 M&A
OUTLOOK
A LOOK BACK
2021 WAS A RECORD YEAR FOR M&A
2021 saw the highest total deal value in history,
topping more than $5 trillion
Strategic M&A is reaching its highest value in 6 years
In nearly all sectors, strategic M&A multiples are at
an all-time high
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2016
2017
2018
2019
2020
2021
400
600
800
1,000
1,200
1,400
1,600
200
0
0
NUMBER OF DEALSVALUE OF DEALS US$BNNUMBER OF DEALS
VALUE OF DEALS US$BN
GLOBAL M&A ACTIVITY - QUARTERLY
DATA FROM MERGERMARKET
A GLIMPSE
OF THE
ROAD AHEAD
64%
of 300 top dealmakers
believe that M&A
activity will increase
in the next year
2022 IS EXPECTED TO
CONTINUE ON A DEAL-MAKING COURSE DUE TO:
Concerns around changing fiscal policy & regulations
Ongoing supply chain issues
Competition from investors sitting
on a ton of dry powder
Global economic growth
ACQUISITIONS ARE EXPECTED TO FOCUS ON:
Technology needed by non-tech companies to
improve digitalization & cybersecurity
Purchases that help to diversify
or improve supply chains
Bolstering data analytics capabilities
Healthcare solutions that
improve the efficiency of care
Financial tech solutions such as
digital banking and payments
IMPACTFUL GLOBAL ECONOMIC POLICIES INCLUDE:
Infrastructure plans in the U.S. to allocate trillions of
dollars to a range of priorities
The EU Recovery Bill and Green Bill focusing on
research and innovation, digitization, modernization
and recovery
Tightening monetary policy in Latin America and
varying fiscal support in Asia
INTEREST RATES ARE EXPECTED
TO RISE IN THE US:
The Federal Reserve projects
three rate hikes in 2022
Three more increases are foreseen for 2023
Two more increases are foreseen for 2024,
pushing the rate to 2.1% by the end of 2024
The more interest rates rise, more pressure
on the cost of capital will be on multiples,
and they will start to decrease
THE
TECHNOLOGY
SECTOR
November 2021 saw
the highest sector deal
announcement and
the most aggregate
technolo