M&A MARKET UPDATE APRIL 2020 U.S. MONTHLY REVIEW
Notable Trends in April 2020
Year-over-year, deal count was down by 36% mainly due to the economic impact of COVID-19; however, capital invested increased YOY by 55.6% which was led by the T-Mobile and Sprint acquisition of $26.5 billion, which was officially finalized this month. Both capital invested and deal count were significantly lower in this month than they were in March, decreasing by 40.7% and 21.2%, respectively. Median deal size increased compared to both last year and the previous month. The EV/EBITDA median multiple increased by 67% YOY and 61.6% compared to the previous month.