Skip to content

Pandemic-resilient sectors soar, led by TMT and healthcare deals

We are seeing something of a two-speed recovery in transactions, at a sector level.

Those industries that proved highly resilient during the pandemic are witnessing phenomenal growth in M&A activity.

Telecoms, media and technology (TMT), for example saw a giant 321% increase in deal value during the first half of the year, and a 43% increase in activity. Standout strategic deals include Amazon’s USD8.5 billion acquisition of the MGM film studios and AT&T’s decision to spin off its media content division, WarnerMedia, into a merger with Discovery to create a powerful challenger to Netflix and Disney+ in the streaming market.

Similarly healthcare deal value soared by 264%, although the accent here remains on a higher number of substantial transactions rather than the megadeals that dominated the sector several years ago.

By contrast, sectors hardest hit by the crisis are growing at a slower pace. The value of real estate deals increased by 97%, despite there being a mere 3% growth in transactions, while in consumer and retail deal value grew by 40%.

Financial services, meanwhile, was one of the quietest sectors, with deal value up by just 29% on a 21% increase in volume.

Global M&A by sector, H1 2021

Web graphic 7 final
logo for data source company   Data provided by Refinitiv. Note: Figures represent deals announced between 1 January and 30 June 2021. 

Featured articles

image of glazed skyscraper

A rise in hydrogen-related M&A activity globally

Green hydrogen finally looks to be coming of age as an alternative to fossil fuels, sparking a growing number of production and technology joint ventures.


Read more
Image of a skyscraper with blue tinted windows

Innovation and search for growth spark MedTech rebound

After a lull in deal activity this time last year, the first quarter of 2021 was the busiest for MedTech M&A for nearly five years, with further consolidation expected.

 
Read more
Image of a skyscraper with blue tinted windows

Tech companies and SPACs see interests align

Many early-stage, high-growth tech companies see merging with a SPAC as the best route to listing, but caution and careful planning are essential.

Read more

Download the full report

Image of a skyscraper with blue tinted windows

New challenges, new opportunities

To get ahead on M&A activity, download the latest report for our analysis of global market trends.