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Q3 2024
Global M&A Report
October 23, 2024
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The M&A market is picking up steam
The M&A recovery is now hitting its stride, according to PitchBook’s Q3 2024 Global M&A Report, sponsored by Liberty GTS, RSM, and RBC Capital Markets. The first three quarters witnessed a marked acceleration in global M&A activity, registering a 27.6% increase in deal value and 13.3% growth in deal count from last year.
And PE is finally getting in on the action, benefiting from a “stealth” rate-cut cycle as big banks have returned to the deal lending market. PE’s share of M&A deal value climbed to 41.2% YTD, bouncing back to its five-year average after slipping in 2023.
Table of contents
The M&A market is picking up steam
The M&A recovery is now hitting its stride, according to PitchBook’s Q3 2024 Global M&A Report, sponsored by Liberty GTS, RSM, and RBC Capital Markets. The first three quarters witnessed a marked acceleration in global M&A activity, registering a 27.6% increase in deal value and 13.3% growth in deal count from last year.
And PE is finally getting in on the action, benefiting from a “stealth” rate-cut cycle as big banks have returned to the deal lending market. PE’s share of M&A deal value climbed to 41.2% YTD, bouncing back to its five-year average after slipping in 2023.
Table of contents
| Overview | 4 |
| Deal metrics | 7 |
| Valuation metrics | 8 |
| A word from Liberty GTS | 9 |
| European M&A | 11 |
| North American M&A | 12 |
| A word from RSM | 13 |
| Antitrust M&A update | 14 |
| Antitrust spotlight: California sets precedent for PE investment in healthcare | 17 |
| Sector metrics | 19 |
| A word from RBC Capital Markets | 21 |
| Industry metrics | 23 |
| B2B | 25 |
| B2C | 27 |
| Energy | 29 |
| Financial services | 31 |
| Healthcare | 33 |
| IT | 35 |
| Materials & resources | 37 |