According to GlobalData, mega-deals reached $438 billion, while $61bn was tied to supply chain-related transactions, highlighting a shift toward localised and technology-driven operations amid the growing global uncertainty.
GlobalData’s latest Strategic Intelligence report, “Global M&A Deals in Q2 2025 – Top Themes by Sector: Strategic Intelligence,” reveals that mega-deals, defined as transactions valued at $1 billion or more, rose by 21% YoY during Q2 2025. Supply chain resilience emerged as the most crucial theme, with 28 deals spanning sectors across consumer, industrials, and healthcare sectors.
Priya Toppo, strategic intelligence analyst at GlobalData, comments: “Rising geopolitical tensions, changing demographics, increased ESG regulations, ongoing labor shortages, and rapid digital transformation have all intensified the focus on M&A related to supply chains. Companies are increasingly prioritising resilient, localised, and technology-driven supply chains to mitigate risks and improve operational efficiency. This trend is particularly evident in the consumer, industrials, materials, and healthcare sectors.”
An ongoing trend is the dominance of North America in M&A deal activity, which accounted for 3,027 deals worth $357 billion during Q2 2025. However, all regions except Europe registered growth in M&A deal value.
Toppo concludes: “The M&A outlook for the rest of 2025 is cautiously optimistic, fueled by potential interest rate cuts and the need to adjust to the new tariff landscape. However, large deals may still face challenges in the US due to the ongoing antitrust scrutiny.”
