M&A activity generally continued to decline last month, though there were some bright spots. U.S. total deal value was up a modest 1%, while deal count fell 26%. Globally, total deal value and deal count fell 9% and 17%, respectively. Strategic activity was down by all measures, with deal value falling 8% in the U.S. and 19% globally, and deal counts falling 19% in the U.S. and 16% globally. Sponsor activity by deal value was a bright spot, increasing 13% in the U.S. and 20% globally, though sponsor deal counts fell 40% in the U.S. and 20% globally.
