M&A MARKET UPDATE JULY 2021 U.S. QUARTERLY REVIEW
Notable Trends in July 2021
Year-over-year, capital invested increased by 132.9% and deal count decreased by 0.9%, respectively. When compared to the previous month, capital invested increased by 64.1%, while deal count decreased by 11.5%. This is the third month in a row seeing an increase in the Year-over-year capital and the first month since February to witness a Year-over-year decrease in total deal count. Median deal size in the U.S. increased 633.3% year-over-year, in large part due to the impact of Covid19 on business in July of 2020. Additionally, deal size is up by 20.8% compared to the prior month. This year-over-year increase shows that even though less deals are being completed, the median deal size has remained around $90 million for the second month in a row. The EV/EBITDA median has also increased significantly by 20.8% in July compared to last month. The implied EV/EBITDA for July was 9.9x.
