Now let’s look at sellers by geography. In 2024, 44% of target companies were based in the US, followed by Germany and the United Kingdom at 7% each and Australia at 5%.

Pivoting to buyers by geography, 467 were based in the US followed by the United Kingdom at 12%. Furthermore, Germany, France, Sweden and Australia were each home to 4% of buyers. Dealmaking remained international with 36% of transactions being cross-border.

 

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