How will COVID-19 Affect Mergers & Acquisitions Transaction Pricing?

COVID-19 dramatically affected the Mergers & Acquisitions (“M&A”) market by almost grinding it to a halt. Certain M&A deals already in progress and near closing did continue to transact, but many other deals either fell apart or became indefinitely paused. While private equity groups desired to deploy their stockpile of funds, operating companies shifted their focus to staying fiscally solvent.