M&A MARKET UPDATE FEBRUARY 2020 U.S. MONTHLY REVIEW
Notable Trends in February 2020
Year-over-year, both deal count and capital invested were up compared to 2019 with an increase of 8.7% and 3.8%, respectively. Compared to the prior month, capital invested remained almost flat with a decrease of just 1%, while deal count decreased by 17%.
Median deal size and the EV/EBITDA median multiple both decreased year-over-year and from the prior month. Median deal size decreased 31.2% year-over-year and 20% from the prior month. Meanwhile, the EV/EBITDA median multiple decreased even more by 59.2% year-over-year and by 50.5% from the prior month.