Data Analysis: Summer 2020’s Top 10 M&A Deals
According to Law 360 and data provided by Dealogic, between June 1 and August 31, there were a total of 1,824 mergers and acquisitions announced worth a combined $364.6 billion. There was a roughly 28% drop in overall deal volume this summer compared with last year, while total deal value fell by almost 35% according to Dealogic data.
The volume of this summer’s M&A deals represented the lowest since at least 2015, while the overall value of transactions was the lowest since 2017, according to Law 360 per Dealogic.
Positive Sign on M&A transaction?
According to Law 360, some deal-maker said that the pipeline for deals is looking a lot stronger now than a few months ago, but full recovery for the M&A markets will take some time.
Six of the 10 largest deals from this summer were either technology or health care related (I’ve talked about this trend here), with two energy transactions, one in the retail sector and one in the telecom sector.
The data below shows the increasing popularity of technology and health care businesses and the rising prominence of special purpose acquisition companies, according to Law 360.
10 Largest M&A Deals of This Summer
According to Law 360, please see the list of 10 biggest deals in June, July and August:
10. EBay Sells Classifieds Biz in $9.2B Deal Ushered by 8 Firms
9. Gibson Dunn, McGuireWoods Guide $9.7B Deal for Energy Assets.
8. SPAC Deal Steered by 4 Firms Forms $11B Health Care Cost Management Biz
7. NYSE Owner Buys PE-Backed Ellie Mae in Deal Built by 5 Firms
6. Liberty Broadband, GCI Liberty Ink $10.59B Stock-For-Stock Merger
5. Chevron Inks $5B Noble Energy Buy With Help From 3 Firms
4. Latham, Wachtell Steer Varian’s $16.4B Sale to Siemens Unit
3. Teladoc Health x Livongo in $18.5B Deal Molded by 3 Firms
2. Wachtell, Akin Gump Drive $21B Sale of Speedway to 7-Eleven
1. Weil, Wachtell Steer $21B Deal Creating Semiconductor Giant