Value of cross-border M&A among mid-sized companies rises to €180 billion

2025-04-04

Average value of transactions rose to €50.6 million,

Moore Global Corporate Finance study reveals

The total value of global cross-border mergers and acquisitions involving mid-sized companies rose 24% to €180 billion last year, according to the latest edition of the Moore Compass Report launched today.

The report also reveals the cross-border mid-market sector outperformed the total M&A market in 2024 in both crucial measures of volume and growth in the average value of deals.

The main findings of the research are:

Total value of M&A in cross-border mid-market in 2024 was €180 billion.
Average deal size in the cross-border mid-market was €50.6 million in 2024, almost 7% higher than the €47.9 million average for 2019-2024.
61% of all cross-border deals took place in the mid-market.
Almost 50% of cross-border mid-market deals involved acquirers from North America.
Metals and metal products firms feature in the top five industries involved in cross-border mid-market for the first time.
IT and healthcare remain among the most active sectors for cross-border mid-market M&A, with average deal values increasing compared to 2023.

The Moore Compass Report is produced in association with Belgium’s Vlerick Business School and analyses data from more than 36,000 completed transactions announced in 2024. It also analyses trends in cross-border mid-market M&A stretching back to 2019.

Philippe Craninx, Chairman of Moore Global Corporate Finance, said:

“This fifth edition of our Compass report gives us a detailed understanding of what is driving deals and different patterns are emerging in the US, UK and continental Europe.”

Kerstin Fehre, Professor of Strategy at Vlerick, added:

“We see that this part of the corporate finance sector follows its own logic and seems to be more resilient than other parts of the M&A market.”

Sigita Pranckenaite, Partner at Moore Mackonis, noted:

“IT and Health sectors were two sectors on cross-border M&A focus, accounting for 48% of all deals in 2024 with an average deal size of $ 48.1 million. Meanwhile, according to Dealroom’s report 2025 Q1 initiated by Startup Lithuania, the startup ecosystem in Lithuania was valued at EUR 16 billion.”

A full copy of the report can be viewed at www.moorecf.com

About Moore Global Corporate Finance

Moore Global Corporate Finance (GCF) is a collaboration between Moore Global member firms with corporate finance expertise. Moore GCF offers professional support on the full range of corporate finance services, from M&A advisory, transaction and valuation services, to debt and equity funding. All firms in Moore GCF are part of Moore Global, an accounting and advisory network with over 37,000 people in 563 offices across 116 countries.