Looking at sellers by geography, 43% were based in the US followed by United Kingdom 7%, the Netherlands and Germany at 5% each, and France, Italy, and Japan at 4% each. There was also significant dealmaking activity in China and India.

A similar distribution pattern can be observed among the buyers, with 43% headquartered in the US, followed by the United Kingdom and France at 7% each. Germany, Japan and Sweden were each home to 4% of acquirers. Dealmaking remained international with 38% of transactions being cross-border.