Global M&A stayed hot to start 2022

Deal activity in January third highest on record, Refinitiv reports

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho

Coming off a record year, global merger and acquisition activity got off to a strong start once again in January, Refinitiv reports.

Global M&A activity came in at US$364 billion in January, which was up 28% from the same month last year, and is the third best January on record.

Refinitiv said that January 2022 ranked just behind January 2018 (US$369.1 billion), but well below January 2000 (US$516.2 billion).

Deal activity surged in Europe, with US$128.0 billion worth of deals announced, up 155% from January 2021.

At the same time, deals involving a U.S. target were up 11% from last year to US$168.1 billion, whereas activity was essentially flat in Asia at US$51.0 billion, Refinitiv reported.

The tech sector continued to lead in deal volume, with US$124.9 billion worth of transactions in January, up 85% from the same month last year. This was the strongest January on record for the tech sector, the firm noted.

Refinitiv also reported that private equity-backed M&A transactions totalled US$42.2 billion in January, up by 15% from the same month last year, but down by 55% from December 2021.