Capstone Partners has released its Q3 2020 Enterprise SaaS & Cloud Coverage Report, available for download below. Merger and acquisition (M&A) activity reached a record of 2,564 deals totaling over $150 billion in value over the last twelve months. M&A activity soared in Q3 to 945 deals, exceeding the prior quarterly record by nearly 300 deals while doubling Q2 volume. However, deals for the quarter tended to be smaller transactions at weaker multiples. Capstone expects M&A activity to remain strong as many deals have returned to market and valuations are recovering quickly to pre-COVID levels, presenting a motivation for sellers.
The report contents highlight:
- M&A activity was much stronger than expected
- Q3 M&A Dollar Volume reached $64 billion
- 20 IPOs in Q3 marks a substantial increase
- Public company revenue multiples spiked to record levels
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