M&A lawyers in the City are predicting a rebound in the deals market for the rest of the year, driven by cross-border acquisitions, mega-deals and public-to-private buyouts. 

There were 23,192 M&A deals globally in the first half of 2025, 13% lower than the same period last year, according to London Stock Exchange-owned data and trading company Refinitiv. However, total deal value grew 11% to $1.6tn in the first six months, following a number of large transactions such as Google’s proposed $32bn acquisition of cybersecurity firm Wiz.