Frank Aquila, S&C’s global head of M&A, authored the introduction to the 2021 edition of Chambers Global Practice Guide: Corporate M&A. In his introduction, Frank discusses the impact of the COVID-19 pandemic on dealmaking in 2020 and offers a preview of what to expect this year.
Frank points out that although the pandemic caused “market disruption and volatility on a scale unseen for more than a decade,” M&A activity picked up in the autumn “and remained strong for the rest of the year.” Despite continued headwinds stemming from economic instability, geopolitical tensions, and more, Frank writes, “the recent increase in distressed M&A and recent announcements of several COVID-19 vaccines would suggest elevated levels of M&A activity in 2021.”
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