Question about European BBs vs American BBs

This might be a bit of a stupid question, but from what I've seen (especially in North America), American BBs tend to be stronger than European BBs in M&A, with European BBs seeming to rely more on Sponsors/Levfin. I would think the name-brand recognition of American BBs helps in North America, but I'm curious to know what other factors may be at play here.

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