M&A MARKET UPDATE MARCH 2021 U.S. QUARTERLY REVIEW
Notable Trends in March 2021
Year-over-year, capital invested decreased by 6.12% and deal count only by 1.87%. However, when compared to the previous month, both capital invested and deal count increased by 53.3% and 8.49%. This is a strong sign as February represented a sizable decrease in both these categories. Median deal size in the U.S. increased 215.47% year-over-year and 26.1% compared to the prior month. This year-over-year increase shows that even though a similar number of deals are being completed, the median deal size has grown dramatically. The EV/EBITDA median has grown to 10.9x, which is a 37.97% increase since February. Although this is a significant month-to-month increase, it still shows signs of stabilization compared to last year which saw EV/EBITDA median jump to as high as 21.0x. As we move into April and the start of the second quarter, these trends should start to stabilize as beginning of the year deal count slows.
