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The M&A Landscape in 2022: A global picture

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27 January 2022

Global M&A markets recorded another year of extraordinary growth in 2021 with transaction values soaring to a new record high of nearly USD6 trillion. As 2022 begins, we examine what underpinned that growth and ask if it can continue in the year ahead at a time of significant economic and political volatility.

The M&A market in 2021 defied even the most optimistic forecasts as the value of deals raced to a new record high of USD5.8 trillion, with growth across all sectors and almost all deal types.

The technology sector was particularly active, accounting for 20% of total deal value and worth over USD1 trillion, a performance that may well continue despite recent headwinds, including inflation.

The fundamentals in the technology sector remain robust. But the important point is that, for now, the M&A market more generally still looks to be strong.

The figures for 2021 are quite strong, given the significant volatility the world continues to experience. So much so that it’s quite hard to remember that in the first half of 2020, as the Covid pandemic took hold, the market ground to a near standstill.

And although dealmaking came back very strongly in the second half of 2020, we were still left wondering, as 2021 dawned, whether this was a trend that could be sustained at a time of ongoing economic and political uncertainty.

To understand the main issues at play in the market last year, to track significant new legal and deal trends, and to look ahead to what 2022 holds for M&A activity, on 13 January we brought together a panel of partners from across Allen & Overy’s global network to take stock and look ahead.

Read our summary of the webinar by clicking the button below. A link to the webinar recording can be found here.

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