M&A MARKET UPDATE NOVEMBER 2020 U.S. MONTHLY REVIEW
Notable Trends in November 2020
Year-over-year, both deal count and capital invested decreased by 25.6% and 38.1%, respectively. When compared to the previous month, capital invested and deal count decreased by 59.9% and 30.4% respectively. Median deal size in the U.S. has increased by 83.1% year-over-year and is up by 35.3% in comparison to October of 2020. The EV/EBITDA median has increased by 24.9% in November compared to last month. The month-to-month increases across the board in deal count, capital invested, EV/EBITDA and deal size show the optimism surrounding another round of stimulus, as well as the U.S. inching closer to mass distribution of a vaccine. Firms are taking advantage of the bullish outlook for the markets moving forward. One way they are doing this is through acquisitions when their stock is at an all-time high.
