Corporate M&A 2020
The year 2019 was a quiet year for the Turkish M&A market, which witnessed the lowest annual deal volume since 2009, the year of the most recent global financial crisis. According to the 2019 edition of Deloitte’s Annual Turkish M&A Review, while the number of M&A deals in 2019 did not differ significantly from the last few years, the total deal volume was only around USD5.3 billion, almost a 45% decrease from 2018. This was mainly a result of the absence of any mega-deals valued at over USD1 billion and the relatively low number of high-volume deals with only ten deals exceeding the USD100 million threshold. As a direct result, at USD23 million, the average deal size in 2019 was the lowest it has been in the last few years.
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First published by Chambers and Partners, Global Practice Guides, Corporate M&A – Trends & Developments 2020.