Global mergers and acquisitions surged in the first quarter, surpassing a record $1.2 trillion as deal momentum remained strong despite market volatility.
While total deal count fell 17% year-over-year, overall value jumped 26%, reflecting a shift toward larger, high-impact transactions.
Major deals were heavily concentrated in the technology sector, with companies leading the AI race accounting for four of the six largest transactions.
Equity investments gained prominence, representing 29% of total activity, highlighting a growing preference for strategic stakes over traditional acquisitions.
Transactions exceeding $10 billion reached a quarterly record, with 22 mega-deals underscoring strong corporate appetite for large-scale consolidation.
Dealmakers report robust pipelines, as companies adapt to uncertainty and pursue growth opportunities rather than delaying strategic decisions.
Cross-border activity rose sharply, climbing 47% to $454.7 billion, driven by firms seeking diversification and access to stronger markets.
The U.S. remained the top target, reinforcing its position as a global M&A hub amid continued demand for scale, innovation, and international expansion.
