In 2025, IMAP completed 254 M&A transactions worldwide, demonstrating the resilience of the global mid-market amid economic uncertainty, geopolitical tensions, and an evolving capital markets environment. Throughout the year, activity remained strong when driven by clear strategic logic, consistent sector fundamentals, and execution certainty.
A complex macro environment redefining “dealmaking”
Market conditions in 2025 were challenging. The possibility of new tariff regimes, persistent trade tensions, and diverging monetary policy paths contributed to a cautious environment for both buyers and financiers. Financing remained selective, due diligence processes lengthened, and valuation gaps persisted in many sectors. In this context, M&A activity did not disappear but became more structured.
IMAP’s performance focused on “quality-driven” transactions
IMAP’s work reflects this shift. Transactions increasingly focused on companies with strong market positions, defendable cash flows, and well-defined strategic relevance. Clients turned to IMAP not only to execute deals but also to navigate complexity—especially in cross-border transactions, extended processes, and situations requiring creative structures to address risk factors and valuation gaps.
International activity remained a key strength: over one-third of IMAP transactions were cross-border, leveraging the global reach of the network to access capital, buyers, and strategic opportunities beyond domestic markets.
Key sectors driving deal flow
From a sector perspective, Industrials, Services, Technology, and Consumer again formed the core of deal flow, supported by long-term structural trends such as consolidation, digital transformation, and the energy transition. In these sectors, activity was supported by succession processes, corporate portfolio reconfigurations, and selective Private Equity participation.
Private Equity firms maintained a disciplined investment approach, prioritizing high-quality assets and structured solutions in an environment where financing and valuations remained constrained. Throughout the year, pressure to deploy capital and execute divestments also increased, reinforcing expectations for greater momentum ahead.
For more info, please visit this link
cloud technology axon
Xcalibur Smart Mapping, recognised as the global leader in airborne...
