The COVID-19 pandemic dragged North American M&A deals to their lowest level in more than a decade, according to Willis Towers Watson’s Quarterly Deal Performance Monitor (QDPM).
The pandemic’s impact on dealmaking in the first half of 2020 was “significant but not unexpected,” Willis Towers Watson said. According to the QDPM, North America posted the sharpest fall in M&A performance across the globe. Acquirers underperformed their regional index by -7.2 percentage points, with just 137 deals completed in the first half of 2020, down from 188 in the first half of 2019. This is the lowest number of North American deals for a six-month period since 2009, Willis Towers Watson said.
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