M&A MARKET UPDATE Q3 2021 SE
Notable Trends in Q3 2021
For this past quarter, deal count decreased slightly for the second month in a row, down 1.9% from Q2. Compared to Q3 2020, deal activity was up 6.9%. Capital invested was shot up by 649.4% year-over-year and up 129.6% compared to Q2. The acquisition of PRA Health Sciences by Icon plc. and Tech Data by the SYNNEX drove invested capital in Q3. These two deals comprised 51% of capital invested in the Southeast. Median deal size was $84 million, a 282% increase from the median of $22 million in Q3 2020 and an increase of $11 million from Q2’s median deal size. A major driver for activity has come from companies looking to grow as we emerge from this global pandemic, especially in the digital and tech industries.