M&A Volume Set to Top $5 Trillion in 2025, Says Apollo’s Zelter

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Apollo Global Management predicts M&A activity to reach near-record $5 trillion in 2025, driven by a more favorable regulatory environment under the Trump administration.

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Market impact analysis based on bullish sentiment with 73% confidence.

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Bullish
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73%

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Apollo Global Management President Jim Zelter says that M&A activity is set to reach near-record performance this year, with a volume north of $5 trillion, partially helped by the fact that the Trump administration is “much more comfortable with large industrial mergers.” (Source: Bloomberg)

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Original article published by Bloomberg on December 2, 2025.
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