April 20, 2021

A Corporate M&A Series: Your Next Deal Will Be Different - Part 2

As the COVID-19 pandemic spread across the globe in early 2020, its impact on M&A volume was immediate. M&A activity rebounded with announced volumes for the 4th quarter of 2020 exceeding 2019 levels. Still, the pandemic recalibrated the ways in which buyers and sellers analyze and value targets.

In the second installment of A&M’s Your Next Deal Will Be Different series, we examine common COVID-19 adjustments that buyers and sellers are making to EBITDA, trends in valuation and forecasts, and trends in contingent consideration provisions.

Read the Other Reports in this Series:

A Corporate M&A Series: Your Next Deal Will Be Different - Part 4

In the fourth installment of A&M’s Your Next Deal Will Be Different series, we examine talent strategy and retention during the Great Resignation.

A Corporate M&A Series: Your Next Deal Will Be Different - Part 3

In the third installment of A&M’s Your Next Deal Will Be Different series, we examine ways in which a company can leverage ESG tactics to mitigate risks and add value to their M&A transactions.

A Corporate M&A Series: Your Next Deal Will Be Different - Part 1

The pandemic has significantly impacted M&A activity. In stark contrast
to the historic highs seen globally over the past five years, the economic
uncertainty created by it essentially paused transactions in the
market in early spring of 2020.

Press Releases

Alvarez & Marsal builds restructuring and turnaround expertise in Italy with two senior hires

July 3, 2026

Sector experts Claudia Lotti and Francesco Leone join as Managing Directors to co-lead A&M’s Financial and Operational Restructuring team in Milan

Thought Leadership

Building Through Complexity: Europe’s Infrastructure Market in H2 2026

July 2, 2026

A&M's Infrastructure & Capital Projects team examines how demand is broadening beyond energy into power, digital, water, defence, logistics, and industrial resilience.

Thought Leadership

New Financial Regulation in English Football: Key Takeaways from LawInSport's Football Law 2026

July 2, 2026

Ashley Churchman, Director with A&M Disputes and Investigations, moderated a panel session titled “Navigating Financial Regulations,” discussing the overhaul of the English Premier League’s financial rules and other developments affecting clubs, lenders, and advisers in 2026.

Thought Leadership

MIDDLE EAST TAX ALERT | UAE VAT – New Education Sector Guide Published (VATGED1)

July 1, 2026

UAE VAT Alert (June 2026): FTA’s Education Sector Guide (VATGED1) interprets zero‑rating for qualifying educational services strictly and narrowly, misclassification can create significant VAT exposure. Only QEIs delivering a Qualifying Curriculum qualify; most other supplies default to 5% unless exempt. Includes quick-reference on tuition, related goods/services, accommodation, transport, healthcare, grants, and input tax recovery, plus prioritized actions.

Authors