Covid-19: M&A market stalls amid uncertainty

Author: Jimmie Franklin | Published: 20 Mar 2020

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In-house and private practice M&A teams are trying to maintain business-as-usual to ensure that deals are not delayed or cancelled due to the ongoing coronavirus pandemic, which has led to widespread remote working in north American and European financial centres.

Global uncertainty surrounding the impact of the outbreak i on countries such as Italy, as well as US states like New York and Washington, has meant that many M&A market participants believe that deals will be slowed down.

"The outbreak has already led to some delays in divestitures as companies put their M&A plans on pause," said Jana Mercereau, head of corporate M&A for Great Britain at Willis Towers Watson. "Due to the coronavirus situation, it’s likely that those companies not needing to sell will delay their deals."

Willis Towers...