M&A Pulse #3 (May 4–18, 2025): Tech-Driven Acquisitions and Global Strategic Repositioning

The third issue of M&A Pulse highlights a decisive shift toward technology-led acquisitions and strategic repositioning across core sectors. In Financial Institutions, cross-border expansion continues with activity from Sumitomo, Erste Group, and TPG. TMT saw high-profile transactions such as OpenAI’s acquisition of Exafunction and DoorDash’s vertical integration with SevenRooms.

In Industrials and Energy, dealmaking is driven by infrastructure consolidation and sustainability-linked plays, while Healthcare transactions confirm the increasing involvement of sovereign and financial sponsors in hospital and biotech platforms.

This article is also available on LinkedIn.

Authors: Marco Lodrini, Giovanni Maria Fusco, Riccardo Consalvo, Luka Sulejic, Ruggero Chiostrini, Francesco Savelli, Emilio Cornejo, Dragos Octavian Filipas.