Analysis-Larger deals power global M&A in H1, bankers signal appetite for megadeals

Written by Sabrina Valley, Milana Fin and Ken Wu

New York (Reuters) -The acquisitions and acquisitions during the first half of this year were what investment bankers were hoped for, but there may be a major explosion in major deals in Asia and renewed optimism in the American market.

Dealman makers say that uncertainty in the market arising from the trade war, Donald Trump, high interest rates and broader geopolitical tensions hunted – but they have not fully hindered – what bankers expect to be a wonderful year for global integration and purchases.

Trump’s tariff policies, which were began by the “Tahrir Day”, which was self -classified on April 2, will cold on the markets and paid several initial public deals and offers in later quarters.

“The expectation was to see a lot of deals activity in the first half of 2025, and the reality is that we did not see it,” said Tommy Ruven, the global co -chair for the UBS Capital Markets, which ranked No. 9 in the revenue of capital markets in stock, according to the initial data from January 1, June 2,.

Interviews with more than ten bankers indicate the increasing confidence that the worst market disorder has ended. Dealman makers say that S&P indexes and NASDAQ institutions have helped renew optimism that integration and purchases in the second half of the year will be stronger.

Evan Varman, head of global integration and purchase at Bank of America, who ranked third in the total investment banking revenue and the fifth number of integration and purchasing operations in Dealogic Categories, which ranked third in the revenues of the higher investment banking services and the fifth number of integration and purchasing operations in Dealogic rankings, which ranked third in the revenues of banking services Investment and number 5 for global integration and purchasing operations at Bank of America, which ranked third in total investment bank revenue and number 5 for integration and acquisitions in Dealogic Categories in Dealogic rankings in the general classification to the history of Dealogic, which ranked 3 in investment banking services and the fifth number in categories Dealogic in the general classification to the date: “There were many suspended deals that would return.” “I am optimistic about the second half.”

The deals makers say that there is a reason for optimism, while recovering in the markets and the easiest anti -monopoly policies in Trump that pave the way for the largest deals. “The possibility of very large transactions, perhaps $ 50 billion, plus, has increased last year,” said John Collins, the global co -chair of integration and acquisitions in Morgan Stanley, who ranked 4 in the total revenues between investment banks and number 3 for merger and purchasing deals.

About $ 2.14 trillion of deals was signed from January 1 to June 27, an increase of 26 % from the same period last year. Part of this increase, however, came from Asia, where the activity doubled more than weakness to $ 583.9 billion.

The activity of the deal in North America increased to $ 1.04 trillion from January 1 to June 27, an increase of 17 % over the first half of last year, according to the initial data from Dealogic.

Market fluctuation, as measured by the Vix index, decreased to levels indicating that investors feel safe to invest today.