M&A is back: mega deals, AI targets and a new VP M&A mandate

Viewed in McKinsey Global deal value rebounded 43 percent in 2025 to $4.7 trillion. Mega-deals above $10 billion surged. TMT regained the top spot. Private equity is sitting on $2.2 trillion of dry powder. Divestitures reached $1.6 trillion. This is not a short-term bounce. It reflects deeper repositioning. Secure exposure and increase speed Across sectors,… More

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AI is redefining professional services

Viewed in Spencer Stuart For decades, professional services were built on an information advantage: lawyers knew the law, consultants knew the frameworks, accountants knew the codes. AI has reshaped that foundation. Information is now abundant, searchable, and automated. Rather than replacing professional services, AI is pushing the industry into three different futures, driven by the… More

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10 Lessons Learned After $5B of M&A

Viewed in Tomasz Tunguz Venture capitalist Tomasz Tunguz has sold about $5 billion of startups over the past few years. In this article, he details ten lessons he has learned about mergers and acquisitions along the way, and it is an instructive read for those looking to sell startups and those looking to acquire them…. More

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