Introducing our 2025 Global M&A trends and risks report

Now in its third year, our Global M&A trends and risks report, published in partnership with Mergermarket, captures insights from senior dealmakers across the world on the key risks and opportunities shaping mergers and acquisitions (M&A) deal activity in 2025. Following a relatively promising start to the year for M&A activity, the US tariff announcements impacted dealmaking confidence, triggering global trade uncertainty and moderating M&A deals across the global M&A landscape. However, some optimism remains, and dealmakers are recalibrating—shifting toward regional M&A deals, adapting capital structures, and leaning on private debt. Raj Karia, Global Head of Corporate M&A and Securities, explores some of the key findings including: 1. Escalation in trade tensions causes short-term M&A appetite to decrease 2. AI adoption needs to increase across all industries 3. Private capital continues to grow 4. Dealmakers will become more active in the second half of 2025 as clarity emerges and trade deals are done 5. Uptick in W&I insurance market activity signals renewed confidence in deal making 6. Signs of life in parts of the equity markets expected to rise What else does 2025 have in store for dealmakers? Download our 2025 Global M&A risks and trends report now: https://ow.ly/TQOM50W93fP