M&A MARKET UPDATE DECEMBER 2019 U.S. MONTHLY REVIEW
Notable Trends in December 2019
Year to date, both total capital invested and deal count are down from 2018 to 2019. Total capital invested is down 25.2%, while deal count is down even more at 29.8%, from 7083 deals in 2018 to 4,971 deals in 2019. Year to date, median deal size has increased sharply from $58 million in 2018 to $88.8 million in 2019.
Total capital invested was the fourth highest amount in December of any other month in 2019 of $70 billion, but it is still down 40% from the same month in 2018 where there was a total of $117 billion of capital invested. Total deal count in December of 2019 of 356 deals is significantly less than December of 2018 of 440 deals by a total of 14%. The median deal size of December in 2019, $88.8 million, is also higher than the median in December of 2018, $58 million, by 53.0%.