Looking at sellers by geography, 34% were based in the US followed by the United Kingdom at 9%, Germany at 6% and France at 5%. The Netherlands was home to 4% of sellers followed by India and Canada at 3% each. 

A similar distribution pattern can be observed among the buyers, with 40% headquartered in the US, followed by Sweden at 6% and United Kingdom at 5%. The Netherlands, Japan, Canada, France and Italy each represented the home of 4% of acquirers. Dealmaking activity remained highly international with 50% of transactions being cross-border.