M&A in Ukraine: Turning Tides
The value of deals in Ukraine’s M&A market climbed to €554m in 2017, up 57% on the previous year
Aequo is pleased to present the third edition of M&A in Ukraine, published in association with Mergermarket. This report provides invaluable insights into key trends in Ukraine’s M&A landscape and an outlook for 2018 and beyond.
Key findings include:
M&A activity in Ukraine increased in 2017 with 44 deals, a slight increase from the 41 transactions seen in 2016, while deal value increased by an impressive 57% to €554m.
Reforms made in early 2018 posit developments in financial activity for the coming year. In February 2018, the government adopted a new law on limited liability companies that replaces outdated Soviet-era legislation, while reforms to Ukraine’s capital market infrastructure could have positive impacts on the country’s stock market.
75% of deals in 2017 took place between Ukrainian firms, demonstrating a record shift towards domestic M&A activity. However, new reforms should help to significantly strengthen the business environment in Ukraine for foreign investors in the coming years.
The financial services sector continues to form the main centre of activity in Ukrainian M&A, accounting for 33% of total volume and 33% of total value in 2016-17. There has also been healthy sector activity elsewhere, with agriculture accounting for 33% of total deal value and significant transactions occurring across other sectors.