Now looking at sellers by geography, the US was home to 52%, followed by companies based in UK at 9% and Israel and France at 7% each. Additionally, there was meaningful M&A activity in the Middle East outside of Israel.

In terms of buyers based on geography, acquirers in the US were responsible for 56% of transactions followed by the United Kingdom at 7%. France represented the headquarters of 5% of total acquirers while Canada, Netherlands and Germany made up 3% of deals each. Dealmaking was international with 32% of transactions being cross-border.