M&A activity in the Middle East showed signs of life in the first quarter of 2020, despite a decline in overall economic activity and the implementation of social distancing caused by the COVID-19 pandemic. Parts of the UAE began lifting restrictions last month, but the easing coincided with Ramadan, which generally results in a deceleration of economic productivity.
The current global situation has caused a slowdown in the growth of M&A activity in the Middle East, but Q1 2020 seems to have benefited from last year’s momentum. A total of 27 M&A deals have been completed this year, which equates to a value of around USD 31bn, according to Mergermarket data.
On 07 July, in partnership with Mergermarket, we hosted a live virtual breifing and discussed:
- The outlook for M&A in the Middle East
- Sectors affected by the COVID-19
- When will PE activity will ramp up again?
- Plans for the future and lessons learnt
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