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<p><strong>M&A activity</strong> is down, as is private equity investment, and companies are facing a range of new geopolitical tensions. Still, there is a path to growth through M&A for those companies that maintain an active acquisition strategy, understand their capabilities, and avoid certain assets, says McKinsey Senior Partner <a href="https://www.mckinsey.com/our-people/jake-henry">Jake Henry</a>. On this episode of <a href="https://www.mckinsey.com/featured-insights/mckinsey-podcast"><em>The McKinsey Podcast</em></a>, he and McKinsey Senior Partner <a href="https://www.mckinsey.com/our-people/mieke-van-oostende">Mieke Van Oostende</a> join McKinsey Editorial Director Roberta Fusaro to discuss findings from <a href="https://www.mckinsey.com/capabilities/m-and-a/our-insights/top-m-and-a-trends">McKinsey’s 2025 M&A report</a>. They also discuss the importance of culture in M&A integrations.</p> <p>In our second segment, McKinsey Senior Partner <a href="https:...