Record-breaking year for mergers and acquisitions
It’s been a record-shattering year for M&A.
- And records may be broken again in 2022, Colin Wittmer, PwC’s U.S. deals leader, tells Axios.
The big picture: The market is still awash in capital available for acquisitions — from private equity funds, SPACs and corporate balance sheets — making for fierce competition and more expensive deals, according to a new 2022 outlook report published today by PwC.
What to watch: Technology acquisitions by non-tech companies will be one driver of activity next year, as will acquisitions to diversify or improve supply chain resilience, PwC says.
- Another driver (or not): more rigorous antitrust reviews by increasingly proactive regulators.
Editor's note: The chart has been corrected to define megadeals as deals of $5 billion or more, not $500 million or more.