In sickness and in health, M&A carries on

In sickness and in health, M&A carries on

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

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