Now looking at sellers by geography, the US was home to 51%, followed by companies based in UK at 10% and the Germany at 5%. Additionally, there was significant activity in the Middle East. 

In terms of buyers based on geography, acquirers in the US were responsible for 56% of transactions followed by the United Kingdom at 7%. Germany and France each represented the headquarters of 4% of acquirers. Dealmaking was international with 34% of transactions being cross-border.