高盛：2025年并购展望报告：全球舞台上的势能构建（英文版）

For over a year, capital markets have sought clarity on two common bottlenecksfor M&A: monetary policy and regulation. With these dyamics normalizing, agenerational technology disrupting industries, sponsors seeking liquidity, and agrowing desire from corporates to transform their portfolios through M&A, weexpect significant upside potential for dealmaking next year- but with a healthydose of volatility as capital markets navigate “known unknowns" in the form of tariffgeopolitics