After soaring to an all-time peak in 2021, the global M&A market has hit the pause button, says McKinsey. Early 2022 saw the value of deals larger than US$25 million fall 24 per cent from a year earlier, on a 12 per cent drop in deal volume.
According to McKinsey’s review of the global M&A market, deal makers in the Americas have been the most active traders, delivering almost half of worldwide deal value (48 per cent, versus 52 per cent for all of 2021). Europe, the Middle East, and Africa’s share is up slightly (28 percent, versus 26 percent), as is Asia–Pacific’s share (24 percent, versus 22 percent).
But the 2022 numbers match healthy, pre-pandemic levels and are notable in a time of great uncertainty, says McKinsey, who also noted that the heavy hitters of 2021 remain the dominant deal makers of 2022 – the technology, media, and telecommunications sector ( TMT) has outperformed other industries, accounting for 30 percent of total deal value.
Here we take a look at 10 of the biggest technology M&A deals of 2022.
10. Google’s acquisition of clients
Cy7bersecurity company Mandiant announced it had entered into an agreement to be acquired by Google in an all-cash transaction valued at approximately US$5.4 billion in March this year. In September, the two companies announced the acquisition had been completed and that Client would join Google Cloud, but the Client brand would be retained.
Google said the acquisition would help deliver an end-to-end security operations suite with even greater capabilities to support customers across their cloud and on-premise environments.