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  "documentTitle": "Education: 2022 M&A Deal Roundup and Trends to Watch Out for in 2023",
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  "notes": "Includes CAGR data and qualitative drivers for 2018, 2019, and 2022.",
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      "text": "Only disclosed transaction values have been considered for the analysis; only includes transactions meeting the Mergermarket “regular inclusion criteria” Note: CAGR=compound annual growth rate; EBITDA=earnings before interest, taxes, depreciation and amortization; LatAm=Latin America; GDP=gross domestic product Source: Mergermarket data, L.E.K. research and analysis",
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      "text": "Transaction value in 2022 has stabilized to pre-COVID-19 levels after declining by 35% to 40% from 2021; there has been a significant increase in ‘mega transactions’ (>$500M) over the past few years",
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