The volume of M&A transactions in the Consulting and IT Services sector, both in Europe and North America, have followed an interesting pattern.
There was an inevitable collapse during the early stages of 2020 as the pandemic initially hit, with volumes nearly halving (quarter on quarter.)
There was then a dramatic rise through the rest of 2021 due to a combination of delayed transactions completing and growing market confidence.
There was then a slow-down again in the middle of 2021 – first in Europe and in North America – followed by steady growth again since then.
The next few months will tell whether this appearance of a mid-year slump cycle reappears in 2022, or the upward trajectory continues. We will report again in the summer…
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