Impact of COVID-19 on M&A Spain and Portugal

In the Iberian Peninsula, 2020 began where 2019 left off the M&A market was active with a growing trend until the pandemic struck.

• In Spain, the year closed with a decrease in total deal volume, breaking a seven-year upward trend. However, the value was greater than that obtained in 2019, thanks to a greater number of large deals and, mainly, deals of a higher value.

• The Portuguese market also struggled in 2020 due to the standstill in large-scale investment as a result of the COVID-19 pandemic. However, the country managed to overcome these difficultie e eand the total deal value increased by 67% from the previous year.