Mergers and acquisition activity in the UAE defies slowdown
- Date: 06-Sep-2020
- Source: Arabian Business
- Sector:Financial Markets
- Country:UAE
Mergers and acquisition activity in the UAE defies slowdown
With all the financial uncertainty in recent months, predictions of a slowdown in M&A activity were no surprise.
Still, we've actually seen a different story suggesting companies have seized opportunities to consolidate and grow. We recorded a significant increase in M&A interest among clients, with a YoY increase of more than 300 percent since 2019. In the last quarter especially, M&As have played an important role on the region's road to recovery.
The most notable activity is in the medical, pharmaceutical, hospitality, real estate, technology, and logistics sectors. Healthcare/pharma is an obvious choice right now, with investors seeing nothing but positive returns and growth in the short to medium-term.
Covid-19 has also forced a re-think of how healthcare businesses are managed; there has been some consolidation to reduce overheads and squeeze additional profits