The prevailing M&A trend in EMEA is one of heavy concentration. with strong earnings visibility or clear synergy potential, while smaller or discretionary transactions are sidelined. Private equity are sustaining headline value, even as overall activity declines. Elevated pricing for top-tier assets is amplifying total deal value. seen in recent quarters, but in EMEA's case the downturn in activity is more acute. Deal volume has slumped to the lowest quarterly