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The state of M&A in 10 charts

Our 2017 Annual M&A Report provides a thorough analysis of deal activity in North America and Europe, but for a quick look at the highlights, we’ve compiled these key charts.

M&A activity in North America and Europe added up to $2.93 trillion in 2017, marking the fourth straight year of at least $2.9 trillion in total deal value. Deal count decreased nearly 17% YoY, but multiple factors converged to drive median deal size up to $40 million for the year, a 33% increase over 2016.

Our 2017 Annual M&A report provides the analysis behind these data points as well as insight into trends of all types, including which sectors saw the biggest growth and how specific macroeconomic factors affected the industry. Here are 10 key charts from the report, which is available to download in full here:

Corporate cash reserves & ballooning PE fund sizes boost sustained deal value

Macroeconomic factors contribute to M&A

Buyers are tapping the brakes as they incorporate recent acquisitions into existing operations

M&A in North America declines by 16% YoY

In Europe, M&A value fell by 19%

Multiple factors are driving IT’s relative popularity

Lower middle market accounts for smaller portion of deal value

Deal size inflation is more evident

Cross-border M&A is in vogue as of late, particularly in Europe

More than one-fifth of M&A targets have institutional backing

Looking for more details? Check out the full PitchBook 2017 Annual M&A Report.

  • kyle-headshot-8-667x560.jpg
    Written by Kyle Stanford

    Kyle is an analyst at PitchBook, focusing on venture and carrying a particular interest in the early stage. He graduated from the University of Washington in 2009, earning a degree in history. He joined PitchBook in 2014 as a writer for the VC newsletter and a contributor to the blog.

    Born and raised in the Pacific Northwest, Kyle enjoys everything outdoors and doesn’t mind rain.

    After spending time working in the daily deal industry after college, he spent a year traveling his way around the world. His passport, which needs to be replaced, holds stamps from 30 countries.

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