December 15, 2020 | Amy Guthrie
The shock of the global pandemic lasted only so long in the world of finance. Mergers and acquisitions activity in Latin America was blunted in 2020 as deal making went virtual, by and large, but activity began to pick up by the second half
The arrival of COVID-19 put mergers and acquisitions activity on hold in Latin America, with only well-advanced deals squeezing through to the finish line during the first half of the year. But as weeks of quarantine turned into months, and a return to a normal flow of business faded, investors put their heads down to hunt for opportunities in a disrupted world, especially in Brazil.
Data from Mergermarket shows 117 deals worth $16.7 billion in the region taking place during the third quarter compared with just 80 deals worth $1.3 billion in the second quarter. Still, year-to-date activity was down 60% by value compared with the same period of 2019, with just 343 deals taking place through S