Deloitte Report: M&A Volume in Turkey Reaches $16.2 Billion with 88% Increase

Strong Market Recovery and Volume Growth The 2025 Mergers and Acquisitions Report published by Deloitte Turkey revealed a strategic recovery in the Turkish market.
With a total of 450 transactions throughout the year, the transaction volume reached approximately 16.2 billion US dollars.
These figures represent an 88% increase in transaction volume and a 6% increase in the number of transactions compared to the previous year.
This significant rise in volume is attributed to the reactivation of deferred strategic decisions and the return of mega-scale deals to the market.
Impact of Mega-Scale Transactions on the Market The most significant factor driving the market upward in 2025 was the increase in the number of transactions exceeding 500 million US dollars.
The number of deals of this scale, which was only one in the previous year, rose to seven in 2025.
The share of these large-scale transactions in the total volume increased from 13% to 44%.
Along with the deepening of the market, the average transaction size rose from $20 million to $36 million.
Investor Profile and Regional Distribution Domestic investors continued to be the main drivers of the market, accounting for 57% of the total transaction value with 361 transactions and a volume of $9.3 billion.
Foreign investors, on the other hand, signed off on 89 transactions with a volume of $6.9 billion.
Among foreign investors, Eurozone-based companies led in terms of the number of transactions with 46 deals.
However, North American investors took a 66% share of the total foreign investment value thanks to their high-volume transactions.