Deal-making activities worldwide could hit a record $6 trillion by the end of the year as businesses continue to embrace cheap financing and the pandemic recovery, KPMG has said.
Global mergers and acquisition volumes have so far surpassed $4.3 trillion this year, according to Refinitiv data, moving closer to the all-time high of $4.8 trillion set in 2015.
It marks a surge from a total of $3.6 trillion reached in 2020. With “pent-up energy” from pre-pandemic fundraising still in full swing, Stephen Bates, KPMG partner and head of transactions for Singapore, said he sees no sign of it slowing down.
“The M&A market is absolutely turbocharged at the moment,” Bates told CNBC’s “Street Signs Asia” Friday.
“There’s a lot of pent-up energy from the fundraising [in 2018 and 2019] that didn’t happen last year. That dry powder is now being…