Ukraine’s M&A market hiked by 80% in 2021

The largest deal of the year is the purchase of Dniprovskyi Iron and Steel Works by Dniprovskyi Coke Plant

In 2021, the volume of announced and completed mergers and acquisitions (M&A) in Ukraine, including corporate, privatization and venture deals of technology companies, surged by 80% to $2.14 billion against 2020. The amount of M&A deals, according to preliminary estimates of InVenture investment company, hiked by 35% to 108.

“Taking into account the low publicity and transparency of deals, we assume that the M&A market size could be at least 20% larger, i.e. $2.5 billion,” the investment company commented in the post.

The largest number of M&A deals was recorded in the following sectors:

• IT and telecommunications — 31 deals worth $756 million;
• agriculture and agribusiness — 17 deals worth $154 million;
• food — 14 deals worth $58 million;
• finance — 8 deals worth $109 million;
• mining — 8 deals worth $108 million;
• transport and storage — 8 deals worth $34 million.

The largest deal of the year is the purchase of Dniprovskyi Iron and Steel Works, a former member of ISD, by Dniprovskyi Coke Plant, part of the Metinvest Group.

Top 10 M&A deals in Ukraine in 2021

Source: InVenture

As reported earlier, there were only 17 mergers and acquisitions worth $3 billion in the steel industry in 2020, 50% down from 2019.

The most active participants in the industry concentration were Chinese companies that intensified M&A processes ahead of the completion of the next five-year plan.

For more details read the study on “M&A in the steel industry 2020–2021”.