Now looking at sellers by geography, the US was home to 55%, followed by companies based in UK at 8% and Australia, Canada, France and Spain at 5% each. Additionally, there was moderate activity in the Middle East. 

In terms of buyers based on geography, acquirers in the US were responsible for 53% of transactions followed by the United Kingdom at 8%. Italy represented 5% of total deals while Canada, France and Israel each represented the headquarters of 4% of acquirers. Dealmaking was international with 27% of transactions being cross-border.