Risk in Review 2020-21

01 July 2021

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Mergermarket is pleased to present Risk in Review 2020-21, published in association with Aon. This report explores investors’ M&A expectations for the next 12 months, the sectors they believe will outperform, the strategies employed to mitigate key risks beyond COVID, and how and why the suite of available M&A insurance products are being used.

Key findings from the report include:

  • Along with use of R&W insurance on traditional buyout transactions, a growing number of minority deals utilized insurance along with other unique applications, such as secondary and de-SPAC transactions, which proliferated in 2020 and into 2021.
  • The risk mitigation strategy that most respondents can envisage themselves adopting in the future is pursuing more minority deals/JVs (52% identify it as one of their top two likely steps).
  • Critically important sources of funding are expected to include private equity (62% say it will be among the top two sources) and non-bank lenders/credit funds (44%).