贝恩：2025年全球并购报告 ( 英文 88页)

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目录

致贝恩并购业务领导者的信

市场状况

回顾2024年的并购：交易者适应市场的停滞状态

展望2025年：为未来做好准备

并购中的生成式AI：你还没有落后——但要警惕

交易热点：2024年顶级的并购市场

行业分析

航空航天与国防行业的并购：老牌企业如何应对资金充足的颠覆者

汽车和出行行业的并购：在明朗的前景出现之前分散押注

建筑产品和技术行业的并购：塑造未来的交易

消费品行业的并购：剥离业务以增长

能源和自然资源行业的并购：在一个创纪录年份内使交易经济发挥作用

金融服务行业的并购：重新焕发活力

医疗保健与生命科学行业的并购：为什么适应新现实的公司会胜出

机械和设备行业并购：从最佳实践中学习

媒体和娱乐行业的并购：拥有消费者，拥有知识产权，或一无所有

零售业并购：反弹并继续增长

科技行业的并购：收入和成本协同效应同步发展

电信并购：以下是全球最新的交易趋势

研究方法

贝恩全球并购与剥离业务的关键联系人

Contents

Letter from the Leader of Bain’s M&A Practice 2

State of the Market 3

Looking Back at M&A in 2024: Dealmakers Adapt as the Market Idles 4

Looking Ahead to 2025: Preparing for What Comes Next 12

Generative AI in M&A: You’re Not Behind—Yet 18

Where the Deals Are: 2024’s Top M&A Markets 22

Industries 28

M&A in Aerospace & Defense: How Incumbents

Can Respond to Well-Funded Disrupters 29

M&A in Automotive and Mobility: Hedging Bets until a Clear Future Emerges 31

M&A in Building Products and Technology: Deals to Shape the Future 33

M&;A in Consumer Products: Carving Out to Grow 38

M&A in Energy and Natural Resources:

Making Deal Economics Work in a Record Year 45

M&A in Financial Services: Coming Back to Life 50

M&A in Healthcare and Life Sciences: Why Companies

That Adapt to the New Realities Will Come Out Ahead 57

M&A in Machinery and Equipment: Learning from the Best 62

M&A in Media and Entertainment: Own the Consumer,

Own the IP, or Own Nothing 67

M&A in Retail: A Rebound—and No Sign of Letting Up 72

M&A in Technology: Revenue and Cost Synergies in Tandem 77

Telecom M&A: Here Are the Latest Deal Trends Worldwide 79

Methodology 82

Key Contacts in Bain’s Global M&A and Divestitures Practice 84