While H1 2020 saw deal markets dry up, all signs suggest that merger and acquisition (M&A) activity during this recession will be quite unlike any that came before. Indeed, this economic environment is creating significant opportunities for private company owners and investors. And some sectors—such as healthcare, biotech and physician practice groups—are in particularly high demand.
In this edition of Privately Speaking, we look at the U.S. mid-market M&A data from the first half of 2020 and highlight some of the opportunities we see emerging in the current environment. We also shine the spotlight on healthcare, specifically physician practice groups, to see how the new environment is driving deal activity in certain sectors.
The fall in deal value compared to volume indicates that buyers are currently focused on making smaller deals that carry less risk. Dealmakers know there is good value to be had in today’s market. But they aren’t as willing to take on the kinds of big risks they would have a year ago.
– Conor Moore, National Leader, KPMG Private Enterprise, KPMG LLP
Privately Speaking Series
Privately Speaking tackles the issues that privately-held entities, including private equity- and venture capital-backed companies, care about most. In each edition, we share insights, as well as practical, actionable tips to help boards and executive management grow, strengthen, and transition their privately-held businesses.
Whether your company is starting out and growing or strengthening and transitioning, this series promises to explore ways to help companies be successful at any stage of the business lifecycle.
