Looking at sellers by geography, 39% were based in the US, followed by the United Kingdom and Canada at 7% each. France, the Netherlands, Germany and Australia all represented the headquarters of 4%-6% of sellers. Furthermore, there was significant M&A activity in Asia and Latin America.

As it concerns the geographic location of buyers, 45% were based in the US, followed by the United Kingdom and France at 7% each. Canada was home to 6% of acquirers and Germany was the headquarters of 4% of buyers. The Netherlands, Norway, Sweden, Brazil, Australia and Japan each were home to 2%-3% of buyers and dealmaking remained highly international, with 42% of transactions being cross-border.