Senior M&A Partner Frank Aquila and associate Catherine Yuh co-authored an article for the May 2026 issue of Financier Worldwide Magazine examining the resilience of transatlantic M&A activity despite market and geopolitical challenges. The article identifies a shift in capital flows since 2025, with European acquirers deploying $61.4 billion more into North American markets than North American buyers invested in Europe. The authors attribute this shift to structural factors, including currency dynamics, valuation differentials and financing market depth.
The authors also discuss implications for transatlantic dealmakers, including the need to integrate regulatory strategy into transaction structuring and documentation. Looking ahead, they note that “[l]ocalisation pressures are more likely to influence the direction of transatlantic deal flow than to materially reduce it … [e]ven so, North America and Western Europe remain institutionally aligned, technologically complementary and deeply integrated capital markets.”
Read the article: “The Resilience of Transatlantic M&A in a More Demanding Market”