Although the COVID-19 pandemic is projected to lead to fewer transactions, data from the Association of Financial Analysts suggest that this was not the case. On the contrary, in the first half of 2020, a higher number of transactions was recorded than a year ago.
Our M&A team was ranked third in terms of transactions worth more than EUR 300’000. During the first half of 2020, we represented our clients in the acquisition of the sports clubs chain Gym Plus, Icelandic cargo airline Bluebird Nordic, the flying tiger stores, the smart energy start-up In Balance Grid, the advertising production company Admen, and others.
According to transaction expert Rokas Jankus, “One cannot evaluate implemented transactions without the context of COVID-19. The market felt the desire of the parties to complete the processes as quickly and easily as possible. In calculating the transaction prices, the parties assessed the potential impact of COVID-19 on business and the future market. This was, of course, reflected in the negotiations and in the final agreements. But, most importantly, the enthusiasm to buy or sell did not go away. We are glad that the technologies did not disappoint us and we completed several transactions remotely.”
Mergers and acquisitions experts predict that the second half of 2020 will be no less successful in the transaction market.
Read more about the Lithuanian transaction market here (in Lithuanian only).