Asia M&A 2025 Slumps to 10-Year Low While Global Deals Rise 10%

Asia M&A 2025 activity fell 19% to USD284bn in the first nine months, marking the region’s weakest performance in a decade, according to Boston Consulting Group. In contrast, global M&A rose 10% to USD1.94tr, its second consecutive annual increase. North American dealmaking surged 25% to USD1.2tr, while Europe slipped 5% to USD375bn. Technology, media, and telecoms dominated global activity at USD536bn, followed by financials and real estate at USD357bn and industrials at USD280bn. The UK remained Europe’s largest M&A market despite a 35% drop, while the Netherlands and Switzerland saw 263% and 109% increases respectively. Global totals, however, remain 40% below the USD3.3tr 2021 peak.