Looking at sellers by geography, 35% were based in the US followed by the Netherlands at 11%, the United Kingdom at 10%, Italy at 7% and Germany at 5%.  

A similar distribution pattern can be observed among the buyers, with 42% headquartered in the US, followed by the United Kingdom at 8% and Germany at 7%. Italy and France were each home to 5% of acquirers. Dealmaking remained international with 40% of transactions being cross-border. 

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