Family offices emerge as key capital source for global family business M&A

Family businesses seeking to diversify, grow or prepare for generational transitions are increasingly turning to family offices for capital, according to a global survey by KPMG. The report found nearly 60% of recent acquisition targets were other family businesses or family offices, with demand driven by alignment in values and access to long-term, patient capital. Around 500 family-led M&A deals were recorded in the past year, often supported by private equity. Non-organic growth is now a strategic priority for nearly half of surveyed firms. The study highlights a wave of generational wealth transfers reshaping investment approaches across the sector.