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M&A Market Signaling an Upturn in the Second Half of 2025

Baird Global Investment Banking is seeing signs of global M&A activity ramping up. Based on activity in our recent sellside processes, prospective buyers and sellers are becoming more adept at navigating the current M&A environment. Over the balance of 2025, we expect financial sponsors to drive deal flow aggressively, while corporate acquirors are well positioned to capitalize as additional assets reach the M&A market.

Our mid-year report expands on themes contributing to our optimism about M&A activity:

  • Improving M&A sentiment among buyers and sellers
  • Encouraging metrics in Baird’s M&A advisory business
  • Strength in large deal activity as a positive leading indicator
  • Favorable financial sponsor dynamics
  • Significant strategic M&A capacity
  • Subsiding macro headwinds

Download the Full Report

Please contact Baird’s Global M&A team for further details on key trends within our processes and to discuss your M&A plans.