‘Buyers are out there’ – why M&A partners are feeling positive despite geopolitical thunderstorms

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‘The volatility in the world isn’t going away anytime soon, it just has to be priced in. We have to focus on what deals can get done,’ says White & Case London M&A partner Sonica Tolani about her predictions for H2 following a mixed start to the year.

The latest data from LSEG shows that M&A activity increased by 33% year-on-year over the first half of 2025 to $1.98trn – the strongest opening period for dealmaking by value since 2022.

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