Uncertainty about a wide range of geopolitical issues paralyzed dealmakers in June, lowering the volume of completed middle-market transactions to levels last seen in recession-ridden 2009. Participants in Mergers & Acquisitions’ monthly survey attributed the deepening M&A slump to concerns about the upcoming presidential election in the U.S., the vote by Britain to leave the European Union, the economic slowdown in China and terrorism around the world. Not all the news was bad, however, with the June survey results showing some areas of increased activity and predictions that the next 12 months will be healthier than the next three. (See related chart, 3-Month Forecast, 12-Month Forecast.)

The volume of completed middle-market transactions plummeted in June, with merely 85 deals closing in the month, down from 109 in May, and down from 171 in June 2015, according to data from Thomson Reuters. The volume of completed deals has been declining all year.  (See below for a list of selected deals that closed in June.) 

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