CFO Slice

Global mergers and acquisitions are on pace to reach nearly $4tn in 2026, marking a 13% increase from last year as companies shift from cost-cutting to growth through larger, more strategic transactions. According to midyear PwC data, deal values are rising even as the number of transactions declines, reflecting a focus on "megadeals" that deliver scale and operational efficiencies. Activity has been particularly strong in banking and financial services, while overseas buyers have also been drawn to relatively lower valuations in the U.K. CFOs are increasingly relying on alternative financing sources, including all-equity transactions and private credit, as higher interest rates continue to make traditional borrowing more expensive. Artificial intelligence is also playing a growing role in target screening and due diligence, helping companies identify risks and accelerate decision-making, although investors continue to place significant value on leadership quality, strategy, and cultural fit. Companies that combine disciplined financing, AI-enabled analysis, and well-planned integration are best positioned to create long-term value as M&A activity accelerates.