M&A MARKET UPDATE DECEMBER 2021 U.S. MONTHLY REVIEW
Notable Trends in December 2021
U.S M&A activity has continued to rebound as the economy further recovers from the Covid-19 pandemic with 648 deals completed in December 2021 totaling $152 billion. Debt remains historically cheap, and private equity dry powder has remained at record high levels throughout 2021. Half of 2021’s M&A transactions have been paid through stock or a hybrid of cash and stock, up from 40% in 2020.
Lower-middle market U.S M&A activity has followed a similar trend as the broader market. It continues to rebound as the economy further recovers from the Covid-19 pandemic with 115 deals completed in December 2021 totaling 17.43 billion. US lower-middle market M&A activity has remained relatively stable over the past twelve months. As interest rates remain low, monthly deal count in the Southeast should continue to stay steady as we move into 2022.
