Deals worth $1tn were struck in first quarter of 2022, 23% lower than the same period last year
Global dealmaking fell to its lowest level since the start of the coronavirus pandemic as surging inflation, tougher regulation and the war in Ukraine led to a slowdown in what had been a record period of mergers and acquisitions.
Just over $1tn worth of deals were struck in the first quarter of 2022, 23 per cent lower than the same period last year, with all continents facing a decline in M&A activity, according to Refinitiv data.
Despite the slowdown, private equity groups enjoyed their strongest ever start to the year as they deployed vast cash piles accumulated during the pandemic. Buyout groups backed $288bn worth of deals, a 17 per cent rise compared with the first three months of 2021.
Read more: FT
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