After a significant revival in 2023, activity in the Ukrainian mergers and acquisitions (M&A) market continued to grow in the first half of 2024: the number of deals increased by 4.2% compared to the same period of 2023 – up to 25 agreements. The total value of these deals increased by 31% to $510M with the average deal value increased from $28M to $43M.
Growth was driven by two large transactions that exceeded $100M: IT company Creatio’s $200M financing round and NJJ Capital’s acquisition of telecommunications company Datagroup-Volya for $120M.
Foreign investors concluded seven M&A deals (nine deals in the first half of 2023) with a total value of $410M. Six of them relate to innovation and technology.
Deals involving Ukrainian investors accounted for 9% of the total M&A value and 40% of the total volume of transactions in Ukraine. Notable domestic deals include Biosfera’s acquisition of Service Pro, a major home goods distributor.
As a reminder, in the pre-war year 2021 Ukraine concluded $3.2B in M&A deals.