Introduction
The Report
This report looks at trends in 2024 in our main corporate transactional markets and provides an outlook for 2025, analysing trends for private company mid-market Mergers & Acquisitions (M&A), Private Equity (PE), Equity Capital Markets (ECM) and Venture Capital (VC).
As part of the analysis, we present the results of the survey of our corporate teams in those jurisdictions collated in November 2024 on:
- the transactional markets in which they have been advising;
- the trends in the legal terms and processes in deals to that date; and
- what they foresee as likely to be the market outlook and trends in 2025 in their respective jurisdictions and from the work that has passed through their offices, noting that any predictions are speculative and markets and sectors in all surveyed jurisdictions remain uncertain and potentially volatile.
This report was compiled with contributions from Osborne Clarke's overseas offices and out best friend firm in India, BTG Advaya.
Our findings
The global transactional market faced headwinds from economic uncertainties and evolving regulatory landscapes, prompting companies and investors to adopt more cautious and strategic approaches to transactions. However, despite this context, global dealmaking saw a resurgence in 2024, particularly in the second half of the year.
At Osborne Clarke, this was also our experience. We saw 474 deals undertaken by our international corporate practice, which was a significant increase on the previous year. The percentage of our deals that were international increased from 30 to 34% year on year (161 deals), and 24 of those deals featured more than 3 jurisdictions. These results demonstrate the growth of our practice across the board internationally, and Osborne Clarke's success in 2024 in advising increasingly on deals involving multiple jurisdictions.
Deals undertaken by our international corporate practice
cross-border transactions
transactions
3+ jurisdictions