PitchBook：2025年二季度企业SaaS并购回顾报告（英文版）

The enterprise SaaS M&A market roared back in Q2, driven by megadeals: Total deal value surged 36.8% QoQ to $58 billion, fueled by 12 transactions exceeding $1 billion. Deal count remained high at an estimated 219, positioning 2025 to surpass 2024’s strong performance. • 12 megadeals dominated Q2, accounting for three-quarters of the total deal value: The top 12 deals, each over $1 billion, represented 75.1% of the quarter’s total transaction value. Excluding these deals, the average deal