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M&A monitor Q2 2020

M&A monitor

The historic shock continues

It’s no surprise deal-making fell off a cliff in Q2, but the drop over the period is truly eye-popping. Global M&A by value struggled to just $318.6bn in the three months to June, a total not seen since Q3 2003.

Put differently, the last time activity was this low, Lance Armstrong was still winning Tours de France, Lionel Messi was a year away from his Barcelona debut and Greta Thunberg was just six months old. There has never been such a steep decline in consecutive quarters since deal value data was first compiled back in 1977.