Moore Global has published a new article exploring key trends in cross-border M&A in the mid-market segment, including the growing role of private equity and artificial intelligence. Below is a brief overview of the key findings.
Private equity and venture capital funds are playing an increasingly important role in cross-border mergers and acquisitions (M&A) in the mid-market segment, with a strong focus on companies developing artificial intelligence (AI).
According to the latest Compass Report commissioned by Moore Global Corporate Finance, around 50% of international mid-market deals are concentrated in IT and healthcare — sectors leading AI adoption. In total, 41,010 M&A deals were completed globally, marking a significant increase compared to the previous year and reaching a five-year peak in 2025.
Cross-border mid-market activity remains strong:
- 4,143 deals (+16%)
- Total deal value: €197 billion
- Cross-border deals account for 39% of all mid-market transactions (up from 33%)
North American and European companies dominate the market, accounting for more than 75% of deals. The US remains the most active acquirer globally, with strong interest in technology hubs such as the UK, Israel and India.
Technology is a key driver of activity. IT accounts for 39% of cross-border mid-market deals and 34% of total value, with 26% of IT transactions linked to AI. In 2025 alone, 434 AI deals were completed with a total value of nearly €20 billion.
Financial investors are increasing their presence, with private equity, venture capital and hedge funds now representing 35% of financial buyers (up from 28% in 2024).
The main drivers behind cross-border mid-market M&A include scaling innovative technologies, acquiring intellectual property, and entering new markets.
Read the full article on the Moore Global website: https://www.moore-global.com/news/private-equity-and-ai-are-now-major-forces-in-cross-border-ma-for-mid-sized-companies/
