Our Q1 Digital Infra Investment Review is now available. 

Global M&A value rose to US$118.9bn in Q1 2025, up YoY from US$88.8bn, despite a fall to 527 deals from 771, highlighting a trend toward fewer, but higher-value, deals. A further 921 are in the pipeline for the year, showing a robust pipeline. 

Key insights include:

• Americas: Deal value jumped 72%, led by Zayo Group’s US$4.2bn acquisition of Crown Castle’s Fiber-Cable business—one of 16 mega deals over US$1bn.
• Europe: Deal value fell 65% to US$9.3bn, with volume down 45%. However, the Satellite sector remained resilient, with value up 38% and three new deals.
• MEA: Value surged 359%, driven by high-profile transactions such as Khazna Data Centers’ US$2.2bn acquisition.
• Asia: Deal value rose 70% to US$10.5bn, fuelled by strategic buyer-led datacentre deals, despite a 34% drop in volume.

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