M&A activity was generally down in April, reversing March’s positive signals. U.S. and global total deal values fell 32% and 8%, respectively, while the total number of U.S. and global deals both fell 24%. Sponsor activity was down in the U.S. and globally, with total deal values falling 45% and 34%, respectively, and the number of deals falling 20% and 22%, respectively. Strategic activity was down in the U.S., with both total deal values and number of deals falling by 25%, and saw a slight increase of 3% in total deal value globally, though accompanied by a 25% decline in the number of deals.
