M&A activity was down by deal value in January compared to December, but up by deal count. This trend appeared across all sectors (U.S. and global, strategic and sponsor), perhaps signaling a move to smaller deal sizes for the time being. Total U.S. and global deal values were both down 51%, while deal counts were up 65% and 7%, respectively. Strategic total deal values were down 51% in the U.S. and 46% globally, while strategic deal counts were up 69% in the U.S. and 6% globally. Similarly, sponsor total deal values were down 53% in the U.S. and 64% globally, while sponsor deal counts were up 56% in the U.S. and 11% globally.
