M&A activity was mixed in February, with U.S. and global deal values mostly up but deal counts down compared to January. U.S. deal value was flat (up less than 1%), while global deal value was up 28%. Sponsor deal value was up 35% in the United States and 17% globally. Strategic deal value was also up 31% globally but fell 8% in the United States. Deal counts were down across all sectors.