Despite a slowdown in the first half of the year due to Covid-19, M&A activity bounced back in the latter half of 2020, buoyed by strong performances in the technology and life sciences sectors.
“It definitely was a tale of two halves,” said Luke Bergstrom, global head of M&A at Latham & Watkins.
Global M&A activity reached $3.5 trillion in 2020, a 7.9% decrease from $3.8 trillion in 2019, according to Bloomberg’s end-of-year M&A league table data, a direct result of the decline in deals in the first half the year due to the coronavirus pandemic.
The pandemic accelerated trends ...