Now let’s look at sellers by geography. 49% of target companies were based in the U.S., followed by the U.K. with 12% and Germany with 5%. Various European countries also saw material M&A activity in the first quarter of 2024.

Buyers were largely based in the U.S., with 55%, followed by the U.K. with 12%, and Canada with 6%. Sweden, France, and Germany followed closely, each with 3% of the deals.

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