The future of M&A 2022 M&A Trends Survey January 2022Contents Key ?ndings 3 Beyond the basics 12 The boardroom 29 01 02 04 05 08 09 More, bigger, di?erent: deal-making in 2022 Transformation and restructuring What is your place on the playing ?eld? M&A o?ensive vs. 5 20 defensive strategies Responding to a more stringent environment Managing M&A today: digital tools, virtual environments 31 06 07 03 What is next 38 9 10 23 Cross-border M&A 26 2Key ?ndings 01 02 0303 04 05 06 07 08 09 10 Adapting, anticipating, and innovating Merger, acquisition, and divestiture activity Challenges and solutions keep evolving M&A executives are sending clear and strong signals that deal-making activity—acquisitions, divestitures, and alternative M&A strategies—will provide important levers for businesses as they continue to navigate regulatory tightening and an evolving economic environment. There is more to today’s M&A activity than just acquisitions. Divestitures are also on the rise, and more executives report they are open to alternative strategies. 92% 32% Corporate strategy, M&A strategy, and operating model limitations all intersect in di?erent ways. Executives say aligni