M&A activity was down by almost all measures in November compared to October. U.S. and global total deal values fell 64% and 28%, respectively, and the number of U.S. and global deals fell 18% and 9%, respectively. After a strong October, strategic activity also slumped in November, with U.S. and global total strategic deal values falling 70% and 47%, respectively, and the number of U.S. and global strategic deals falling 23% and 10%, respectively. The only bright spot was total sponsor deal value, which increased 5% in the United States and a significant 110% globally, although the number of sponsor deals declined 6% in the United States and 7% globally.
