Mergers and acquisitions in Portugal fall 23% in the first half – Companies

The TTR – Transactional Track Record platform, which analyzes this market on a monthly basis, recorded 162 transactions in the first six months of the year, between announced and completed, with a total value of 7.58 billion euros, representing a 23% drop volume of transactions compared to the same period in 2019.

“The second quarter was responsible for reversing the growth trend that the market presented in the period of uncertainty generated by the Covid-19 pandemic, since in the first quarter there was a greater volume of transactions than in the first quarter of 2019”, read in the report.

Real estate was the most active sector in the first half, with 51 transactions, which represents an increase of 28% in relation to the first half of last year, but most of the transactions (41) were concluded in the first quarter.

The 55 transactions that involved foreign companies, in operations for the acquisition of Portuguese companies in the first half, represented a reduction of 41.5%, compared to the first half of last year, highlighting the TTR that the volume of transactions of this type registered since 2016 a history of annual growth.

The report also reveals a reduction of 60%, in the period under analysis and compared to the previous counterpart, of investments in Private Equity funds, in a total of 10.

Venture capital funds made 27 investments in the first half, 23% less than in the same period in 2019.