M&A Activity Slows Significantly in 2025 

Dear Client: 2025 has been a tough year all around, and that's reflected in this year's M&A activity as well. This year the number of deals we reported on across tiers is significantly lower than 2024, at about 52 deals compared to 78 in 2024.  It may have been a slow year for M&A activity, but it's been an active couple of weeks. Indeed, yesterday morning Campari announced the sale of Amaro Averna and Zedda Piras brands to fellow Italian