September 30, 2020 |
Latin America was one of the last regions to feel the full impact of the COVID-19 pandemic on M&A activity as a pipeline of transactions in countries such as Brazil helped cushion the blow.
“Even as late as April, the Latin American business was still going pretty strong even while we were probably down around 50 per cent in the United States and Europe,” said Paul Aversano, who founded and leads the Global Transaction Advisory Group at Alvarez & Marsal, a business consultancy in New York.
Halfway through the year, this all changed. By the end of the second quarter, Latin American M&A deal value plummeted to just $1.55 billion, or a stomach churning 95% lower than the same period
Interview with Paul Aversano, Global Practice Leader of the Transaction Advisory Group at Alvarez & Marsal