Corporations have been spending more this year to acquire stakes in other companies. The average size of M&A deals, noted in the Dealogic report, was up 38 percent year-on-year to $120 million.
There were 45 deals announced in this period with a value of over $10 billion each, accounting for just over a third of total value of M&A deals globally. But some market observers expressed caution.
"The continuing impact of low oil prices, market and political instabilities in some key regions should also not be overlooked," said Leif Zierz, KPMG International's global head of Deal Advisory in Germany, in a report.
One market, in particular, that is expected to enjoy investor confidence in future M&A opportunities is China, despite the recent market turmoil there.
"There continues to be a robust M&A market, and significant appetite for China by investors," said Jeffrey Wong, Head of Deal Advisory in China at KPMG, in the report.
"The fluctuations have created plenty of opportunities for investors and sellers alike to consider the options."
The top three global sectors for M&A were Healthcare ($520.2 billion), Technology ($442 billion), and Real Estate ($331), as noted in the Dealogic report. In AXJ, technology dominated, with China accounting for 83 percent or $97.7 billion of total M&A deals in the sector.
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Falling oil and commodity prices dented deal-making for Utility and Energy companies, as it was the only sector where transaction fell by 23 percent, from $203.1 billion last year to approximately $156.9 billion in September this year.
But Chan thinks challenging market conditions might prompt future M&A transactions in this sector to rise.
"A lot of the energy players are actually scrambling to make things happen because the commodity prices are making things a little bit interesting for these guys," said Chan.