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Deal Watch: Global M&A Hits $1.3 Trillion in Q1, Making the Biggest Opening Quarter Ever
In case there was any doubt as to how the strong Q4 of 2020 would translate into a transitioning business climate in 2021, the answer is now pretty clear.
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It’s official: The first quarter of 2021 saw the largest value of M&A activity for an opening quarter since records started being kept in 1980, according to financial data company Refinitiv.
With deal value of $1.3 trillion in Q1, representing a 94% increase year-over-year from the same period in 2020, it is also the second largest quarter on record, surpassed only by the second quarter of 2007, when $1.4 trillion in deals got done.
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Patrick Smith
Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
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