U.S. M&A increased in May by most measures compared to April, but global M&A reflected the opposite trend. In the U.S., total deal value and deal count were up 25% and 4%, respectively, with strategic activity up 25% by total deal value and 7% by deal count. U.S. sponsor activity was up by a similar 24% by total deal value but fell 6% by deal count. By contrast, global M&A fell 12% by total deal value and 4% by deal count. Global strategic activity fell 14% by total deal value and 6% by deal count. Global sponsor activity fell 2% by total deal value, but global sponsor deal count was a bright spot, increasing 8%.
