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The red hot M&A market is set to get even hotter in 2022.

The red hot M&A market in 2021 is set to get even hotter in 2022.

After a hiatus of M&A deals in 2020 due to the pandemic, 2021 has made a name as the biggest year for global M&A ever according to Refinitiv.

Global deal making topped 4.4 trillion US dollars for the first nine months of 2021.

The record year was due to an abundance of cash and access to cheap financing, with private equity firms worldwide having almost 1.5 trillion US dollars in dry powder looking to be deployed.

In the first nine months of 2021, world-wide deal-making surged past 40,000 transactions, making it the strongest opening 3 quarters of any year since records began in 1980.

The US was way ahead of the pack with a 139 percent year-on-year increase, accounting for 45 percent of the global market. Europe and Asia-Pacific surged 69 percent and 53 percent, respectively.

It is believed the surge in domestic M&A came alongside the rise in market certainty around the effects of COVID-19, which is expected to continue rolling through the 2022 financial year.

Some headwinds in the form of the Federal Government?s new national security business regime with data restriction conditions, may be faced in 2022 however analysts believe its onwards and upwards on the M&A front in 2022.