Join McKinsey's M&A titans: Jake Henry, a senior partner and global co-leader of the M&A Practice, Patrick McCurdy, a partner focusing on M&A strategy, and Luke Carter, an associate partner and M&A capability expert. They discuss the recent resurgence in M&A activity, driven by disciplined dealmakers. Key highlights include the dominance of programmatic acquirers, the impact of generative AI on deal processes, and the ongoing challenges in Europe versus the booming North American market. The trio shares insights on strategic M&A execution and the importance of cultural fit for success.