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Strategic Intelligence: Global M&A Deals in 2024 - Top Themes by Sector

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    Report

  • 62 Pages
  • February 2025
  • Region: Global
  • GlobalData
  • ID: 6053591
The global M&A market in 2024 witnessed deals worth $2.3 trillion, a rise of 5% compared to 2023. In terms of deal volume, there was a 0.3% decrease from 2023 to record 31,952 deals in 2024. The TMT sector led the M&A deal activity, with 9,268 deals worth $682 billion recorded in 2024. Some sectors saw a year-on-year fall in deal value in 2024. Mega-deals (defined as any deal valued at more than $1 billion), increased to 498 deals in 2024 compared to 426 in 2023.

If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As). This report analyzes the disruptive themes that have driven M&A activity in 2024 across all sectors including automotive, basic material, business and consumer services, consumer, energy, financial, healthcare, industrials, real estate, technology, media & telecoms, transportation, infrastructure, and logistics.

Key Highlights

  • The global M&A market in 2024 witnessed deals worth $2.3 trillion, a rise of 5% compared to 2023. In terms of deal volume, there was a 0.3% decrease from 2023 to record 31,952 deals in 2024. The TMT sector led the M&A deal activity, with 9,268 deals worth $682 billion recorded in 2024. Some sectors saw a year-on-year fall in deal value in 2024. Mega-deals (defined as any deal valued at more than $1 billion), increased to 498 deals in 2024 compared to 426 in 2023.

Scope

  • This report provides an overview of merger and acquisition activity globally in 2024 across all sectors. This report takes a close look at the top deals in all the sectors and identifies the themes driving each of these deals. This report also looks at the deals trend across North America, Europe, China, APAC Ex-China, South America, and Middle east and Africa.

Reasons to Buy

  • Companies that invest in the right themes become success stories; those that miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&As).
  • This report lists the most notable deals across all sectors to make it easy for our clients to get a view of themes disrupting these sectors and prepare for the future.

Table of Contents

  • Executive Summary
  • Review of the Global M&A Market - 2024
  • Top M&A Deals by Sector - 2024
  • Top M&A Deals by Geography - 2024
  • Top Themes Driving M&A Activity - 2024
  • M&A outlook for 2025
  • Further Reading
  • Appendix 1: Deal Selection Criteria
  • Appendix 2: Thematic Research Methodology
  • About Us

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Kroger
  • Albertsons
  • Zee Entertainment
  • Sony Pictures Networks India
  • Choice Hotels International
  • Wyndham Hotels & Resorts
  • Tapestry
  • Capri Holdings
  • REA Group
  • Rightmove
  • Edgar Bronfman
  • Paramount
  • Ageas
  • Direct Line Insurance Group
  • WillScot Mobile Mini
  • McGrath RentCorp
  • Sundown Acquisition (JetBlue Airways)
  • Spirit Airlines
  • Baidu
  • YY.com
  • Mars
Kellanova
  • Capital One Financial
  • Discover Financial
  • Synopsys
  • Ansys
  • Diamondback Energy
  • Endeavor Energy Resources
  • ConocoPhillips
  • Marathon Oil
  • Verizon Communications
  • Frontier Communications
  • Silver Lake Partners
  • Endeavor Group
  • Abu Dhabi National Oil (Adnoc)
  • Covestro
  • Neuberger Berman Private Markets
  • EQT
  • Canada Pension Plan Investment Board
  • Nord Anglia Education
  • Apollo Global Management
  • Intel
  • Novo Nordisk
  • Novo Holdings
  • Swisscom
  • Vodafone Italia
  • Amcor
  • Berry Global
  • Rothesay
  • Lloyds Banking
  • TPG
  • GIC
  • Techem
  • International Paper
  • DS Smith
  • Harp Bidco
  • Hargreaves Lansdown
  • Novo Holdings
  • Catalent
  • Stone Point Capital
  • Clayton, Dubilier & Rice
  • Truist Financial
  • Hewlett Packard Enterprise
  • Juniper Networks
  • China First Heavy Industries
  • China Shipbuilding
  • Starwood Capital Group
  • Sixth Street Partners
  • Warburg Pincus
  • ESR Group
  • PAG
  • CITIC Capital
  • Abu Dhabi Investment Authority
  • Mubadala Investment Company
  • Ares Management Corporation
  • Zhuhai Wanda Commercial Management
  • Sampo
  • Topdanmark
  • Alibaba Group
  • Cainiao Smart Logistics Network
  • Abu Dhabi Future Energy (Masdar)
  • Terna Energy
  • China National Pharmaceutical Group (Sinopharm)
  • Take China Traditional Chinese Medicine
  • The9
  • Kuaijin Shidai (Xiamen) Technology
  • SinoPac Financial
  • King's Town Bank
  • Tate & Lyle
  • CP Kelco
  • J.M. Huber
  • Blackstone
  • AirTrunk
  • The Bosch Group
  • Johnson Controls International
  • Japan Investment Corporation
  • JSR (Japan Synthetic Rubber)
  • Renesas Altium
  • Aster DM Healthcare
  • Quality Care India
  • Dharma Sinar Semesta
  • Telemedia Komunikasi Pratama
Yelooo Integra Datanet
  • FK
  • Fujisoft
  • Bain Capital
  • Ares Management
  • GLP Capital Partners
  • Vocus Group
  • TPG Telecom
  • Nippon Life
  • Resolution Life investment
  • Prosus
  • Despegar.com
  • BP
  • Bunge
  • Equatorial Energia
  • Sabesp
  • ExxonMobil Guyana
  • SBM Offshore
  • Organon
  • Dermavant Sciences
  • SCG (Far East)
  • Maser
  • Public Investment Fund
  • Saudi Telecommunications
  • Johnson & Johnson
  • Ambrx
  • The Saudi Public Investment Fund
  • MBC Group
  • Johnson & Johnson
  • V-Wave
  • Microsoft
  • G42
  • SAP
WalkMe
  • ADNOC
  • Galp Energia
  • Delta Mining
  • ZCCM Investment
  • Saudi Arabian Mining
  • AWA Saudi and Alcoa Saudi Smelting Inversiones
  • Calleja
  • Almacenes Exito
  • Banco do Brasil
  • Banco Bradesco
  • Cielo
  • CMA CGM
  • Santos Brasil Participacoes
  • Opportunity Asset Management
  • V.tal
  • Oi
  • Boeing
  • Spirit AeroSystems
  • EQT
  • Equitrans Midstream
  • Canadian Natural Resources
  • Chevron Canada
  • Coterra Energy
  • Franklin Mountain Energy
  • Avant Natural Resources
  • Blackstone
  • EQT
  • ONEOK
  • Global Infrastructure Partners
  • Ovintiv
  • Paramount Resources
  • Crescent Energy
  • SilverBow Resources
  • SM Energy
  • XCL Resources
  • Luke Bidco
  • Darktrace
  • AMD
  • ZT Systems
  • AeroVironment
  • BlueHalo
  • Swisscom
  • Vodafone Italia
  • Blackstone
  • Rogers Communications
  • Bell Canada
  • Northwest Fiber (Ziply Fiber)
  • Atlas Luxco
  • Millicom
  • T-Mobile
  • US Cellular
  • Dharma Sinar Semesta
Yelooo Integra Datanet
  • Vocus Group
  • TPG Telecom
  • Vertical Bridge
  • Verizon Communications
  • Carlyle Investment Management
  • Worldpac
  • Advance Auto Part
  • Rheinmetall
  • Loc Performance Products
  • Hyundai Motor Group
  • Motionall
  • Yokohama Rubber
  • Goodyear Tire & Rubber
  • Tembo E-LV
  • Cactus Acquisition
  • Hankook Tire & Technology
  • Hanon Systems from Hanon
  • Circle BidCo
  • Concentric
  • Luckview
  • Zeekr Intelligent Technology Holding
  • Geely Automobile
  • Zeekr
  • Lynk & Co
  • Qingdao Double Star
  • Kumho Tire
  • Sekisui House
  • MDC Holdings
  • Blackstone
  • Retail Opportunity Investments
  • Tricon Residential
  • Barratt Developments
  • Redrow
  • Bridgemere Securities
  • Silver Bidco
  • Hammerson
  • Brookfield Asset Management
  • Tritax EuroBox
  • Hulic
  • Raysum
  • Tritax Big Box REIT
  • UK Commercial Property REIT
  • Alibaba Group Holding
  • Cainiao Smart Logistics Network
  • Stonepeak Partners
  • Air Transport Services Group
  • EP UK Bidco
  • International Distributions Services
  • BlackRock's Global Infrastructure Partners
  • Abu Dhabi Investment Authority (ADIA)
  • Malaysia Airports Holdings (MAHB)
  • Macquarie Asset Management Partners
  • Dow
  • KKR & Co
  • Skip Essential Infrastructure Fund
  • Queensland Airports
  • AviAlliance
  • AGS Airports
  • Macquarie European Infrastructure Fund 4
  • Ferrovial
  • Elliott Investment Management
  • Southwest Airlines
  • Vinci
  • Edinburgh Airport
  • AirAsia X
  • AirAsia Berhad
  • AirAsia Aviation
  • Capital A
  • Heiwa
  • PJC Investments
  • Lone Star Fund
  • Carrier Global
  • CBIZ
  • Marcum
  • First Advantage
  • Sterling Check
  • HPS Investment Partners
  • Chorus Aviation
  • Admiral Acquisition
  • ASP Acuren Holdings
  • American Securities
  • Owens Corning
  • Masonite
  • KPS Capital Partners
  • Innomotics
  • Siemens
  • Apollo Global Management
  • Barnes Group
  • Blackstone
  • Emerson Climate Technologies (Copeland)
  • Saint-Gobain
  • CSR Ltd
  • Cox Enterprises
  • OpenGov
  • WSP Global
  • Power Engineers
  • El Puerto de Liverpool
  • Nordstrom Family
  • Nordstrom
  • Sonoco Products
  • Eviosys Packaging
  • KPS Capital Partners
  • TowerBrook Capital Partners
  • R1 RCM
  • Cencora
  • Retina Consultants of America
  • Webster Equity Partners
  • Waste Management (WM)
  • Stericycle
  • Vertex Pharma
  • Alpine Immune Sciences
  • Gilead Sciences
  • CymaBay Therapeutics
  • AngloGold Ashanti
  • Centami
  • Mangazeya Plus
  • Polimetall (JSC Polymetal)
  • Polymetal International
  • Northern Star Resources
  • De Grey Mining
  • Miter Brands
  • PGT Innovations
  • Lundin Mining
  • BHP Group
  • Filo