42% of target companies were based in the U.S., followed by the U.K. with 14% and Germany with 5%. France and Canada followed closely, each with 4% of the deals.

Over half of the RegTech buyers in were based in the U.S., accounting for 53% of the deals, followed by the U.K. with 13%, and Canada with 5%. Various European countries also saw material M&A activity in the first half of 2024. Dealmaking remained highly international as 50% of transactions were cross-border.