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

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”.