M&A was up overall in May, particularly in the U.S. Building on April’s reversal of 2022’s earlier downward trends, May’s total U.S. deal value and count jumped 43% and 12%, respectively. U.S. sponsor activity was particularly robust, increasing 82% and 24% in deal value and count, respectively. Globally, however, total sponsor deal value fell 25%, despite a 29% increase in deal count. Strategic deals increased 13% in deal value and 7% in deal count in the U.S., while increasing 31% in deal value and remaining flat by deal count globally.
