Recent Insights

As the COVID-19 outbreak continues to escalate, ensuring wellbeing of employees is paramount, but it is not the only challenge. There is a vast sway of operational and legal issues that businesses must address, too.

Technology dealmaking has continued apace in 2020 as M&A investors take advantage of the sector's resilience to transact

The megadeals of 2019 may be off the table for now, but deal activity across healthcare and pharmaceuticals has proven resilient through the COVID-19 crisis

Low prices and excess supply have pushed oil & gas balance sheets to the brink, which means raising traditional debt will remain difficult and restructurings are expected

Remote working, online shopping and telemedicine have shielded the technology sector from the worst effects of COVID-19 lockdowns

The year started strongly for many nations in Latin America, but coronavirus has heavily impacted the M&A market.

COVID-19 has pushed healthcare systems around the world to the limit, but depending on the vertical, certain companies have been less affected than those in other sectors—and the availability of credit to battle the pandemic has helped

Even though COVID-19 has taken a toll on consumer spending and supply chains, the food and beverage industry has shown resilience and continues to tap credit markets

COVID-19 is hammering leisure sector M&A—but not so much that opportunities have vanished

Few sectors have felt the impact of COVID-19 as deeply as aviation, and airlines are exploring all lines of finance to bolster balance sheets.

The COVID-19 lockdown forced restaurants, hotels, gyms, theaters and casinos to shut their doors and put balance sheets under extreme strain, but some have tapped debt markets to see them through

COVID-19 travel restrictions have put the aviation industry on the backfoot. M&A will not be an immediate priority, but consolidation and distressed deals will come in time

Retailers faced a difficult financing market before COVID-19 appeared, but lockdowns have made the situation even tougher

COVID-19 has put dealmaking in the already disrupted retail industry under further strain. Some retailers, however, have proven resilient and those that survive will see opportunity to vertically integrate supply chains and invest in technology capabilities

The COVID-19 pandemic has revealed some of the shortcomings of major cities in times of crisis. As the world searches for ways to make urban areas more resilient, smart city initiatives offer some of the answers.

Underwriters are grappling with the need to support clients that are accessing funding, while maintaining disclosure standards and managing their risk when the tools they’ve typically used may be unavailable

Oil & gas dealmaking has plummeted following a period of prolonged low oil prices and a steep fall in demand due to COVID-19. However, large players with strong balance sheets could still see opportunities to invest

The impact of the coronavirus pandemic saw high yield bond issuances grind to a halt at the end of Q1, but markets started to revive in Q2

Despite a promising beginning to the year, US and European leveraged loan markets felt the full economic impact of the pandemic

We highlight the responses companies are taking in light of the current environment and the arguments some buyers are making to terminate transactions

Cross-border M&A remains a high priority—though trade wars and national security rules change the game for some

Half of the executives in our survey expect to do more deals if there's a downturn in 2020 than if there isn't

In a world roiled by activism, geopolitical uncertainty and data risk, dealmakers are eager to lean in, according to our survey

Digital drives deals in every sector, ensuring tech is a primary focus of M&A across the board—even as data challenges multiply

Activism affects virtually everyone now—even those who may never have to deal with an activist

As the effects of coronavirus on the primary and secondary debt markets continue, there will be ongoing implications for leveraged finance transactions

LIBOR, one of the most significant global benchmarks for calculating interest, is to be phased out by 2021 and replaced by alternative benchmarks in the form of risk-free rates. With LIBOR widely used in the loan, bond and derivatives markets, and in many long-term contracts, the impact of this change cannot be underestimated. The transition to the new replacement rates will not be an easy process, but it is a necessary one, and market participants must start now.

Financial institutions M&A sector trends: payments — H2 2019 and outlook for 2020

Growth in the European leveraged finance market remained steady in 2019, with 2020 set to continue at pace, with enhanced focus on the trade-off of protection from risk versus a higher yield.

Financial institutions M&A sector trends: fintech — H2 2019 and outlook for 2020

Financial institutions M&A sector trends: consumer finance — H2 2019 and outlook for 2020

Financial institutions M&A sector trends: stock exchanges/clearing houses/trading venues — H2 2019 and outlook for 2020

Financial institutions M&A sector trends: asset/wealth management — H2 2019 and outlook for 2020

Financial institutions M&A sector trends: specialty finance/marketplace lending — H2 2019 and outlook for 2020

Financial institutions M&A sector trends: banks — H2 2019 and outlook for 2020

Financial institutions M&A sector trends: brokers/corporate finance — H2 2019 and outlook for 2020

We highlight the key European M&A trends in the second half of 2019, and provide our insights into the outlook for M&A moving forward

Last year saw a slew of notable transactions in the sector despite reduced appetite overall for energy industry M&A

While global M&A fell in 2019, the US forged ahead, maintaining its year-on-year value and taking a greater share of the global deal market.