M&A activity in Europe has slowed this year from its 2021 heights, but lawyers and private equity funders are nevertheless optimistic about keeping some momentum going through this year and into next, according to a new report from CMS.

Merger activity in the European region held up “impressively well” in the first half of 2022 despite rising inflation and geopolitical uncertainty, according to the report, which was based on Mergermarket data and released Thursday.