2019 M&A recap

KPMG Corporate Finance LLC’s recap on deal trends in 2019.

Philip J. Isom

Philip J. Isom

Principal, Global Head of M&A, KPMG Corporate Finance LLC

+1 312-665-1911

Deal activity slowed during 2019 due to geopolitical uncertainty and trade tensions which are creating additional complexities for business growth. However, despite the relative slowdown, private equity (PE) continues to increase their presence in the market and high performing businesses are still sought after.

Global M&A activity

US M&A activity

US mid-market PE vs strategic activity

PE continues to be a larger player. 33 percent of deals involved PE in 2019 compared to 19 percent in 2010.

US mid-market subsectors M&A activity

In 2019:

  • TMT remained the most active sector
  • Energy saw the largest declined in deal activity
  • Financial services was the only sector with an increase in deal activity