Welcome to the October 2020 issue of The Dealmaker.
The third quarter of 2020 sees the rebound in corporate dealmaking. In Q3, corporates and financial sponsors alike turned to the middle market to complete deals and give M&A activity its largest gain since the start of the COVID-19 pandemic. The outcome of the US presidential election will be a major variable for quarters to come.
Here are some of the most important M&A news we have read this month:
- ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s top shale deal – Reuters
- Morgan Stanley to buy Eaton Vance in $7bn deal – Financial Times
- Nestlé seeks $5B with water divestitures – Pitchbook
- Japan’s NEC inks $2.2B deal for Swiss fintech company Avaloq – Pitchbook
- 10 big things: A VC-backed breakthrough in nuclear fusion – Pitchbook
- Indian developer RMZ sells real estate assets to Canada’s Brookfield for $2 billion – Reuters
- Why tech IPOs are flourishing in the U.S. and China – but not Europe – CNBC
- Crowdfunding startup Crowdcube merges with Seedrs – Pitchbook