📢 The February Market Memo has arrived! We cover how M&A, VC funding, & macro trends are shaping the investment landscape—from deal-making momentum to geopolitical uncertainty. 📉 Snapshot of February: ▪️ M&A activity: Signs of Life? While we’re not in full rebound mode, https://t.co/oXytcauAhx
"U.S. M&A deal activity decreased in February, going down 22.9% with 894 announcements compared to 1,159 in January. However, aggregate M&A spending increased. In February 24% more was spent on deals compared to January." @FactSet https://t.co/Q8yCDUWci5
"With one month left in the first quarter, four M&A deals valued at more than $10 billion have been announced so far in 2025, all in January. The last month with no $10 billion M&A deals globally was July 2024." @SPGMarketIntel https://t.co/voYNA6SJv2
Mergers and acquisitions (M&A) activity has seen a resurgence in early 2025, with nearly $50 billion in deals reported in the first quarter. Notable transactions include Wiz's $32 billion acquisition by Google, Ampere Computing's $6.5 billion deal with SoftBank, and Shutterstock's $3.7 billion acquisition of Getty Images. Despite a slow start to the year, with January marking the lowest U.S. M&A volumes in a decade, February showed a 24% increase in spending compared to January, even as the number of announcements declined by 22.9%. Four M&A deals exceeding $10 billion were announced in January, the first month without such deals since July 2024. The median software multiples have also been reported, with high growth software at 15.2x and low growth at 4.0x.