Asset deals are making a strong start in 2021. As of Feb. 5, $60.6 billion in currently pending and completed asset sales have been announced since the start of the new year, representing a 12% year-over-year increase in volume compared to the same period last year.
After taking a dip in 2020, asset sales are a transaction category to watch as the pandemic evolves and the associated economic fallout continues. Companies sell assets for a variety of reasons, among them to offload non-core lines of businesses, to raise cash, and to prepare for other M&A transactions.
Financial sector asset sales, ...