InVenture presents the annual research of development of the private equity and M&A market in Ukraine in 2022: industry trends, largest M&A transactions, forecast for the development of the M&A market in 2023.
According to InVenture estimates, the volume of announced and completed M&A transactions in Ukraine, including corporate transactions and venture transactions in the technology sector, amounted to $305 million in 2022. Given the low publicity and transparency of transactions, we assume that the size of the M&A market in Ukraine is somewhat higher, but does not exceed $400 million.
Compared to 2021, the total volume of M&A transactions decreased by 9 times: from $2.7 billion to $0.3 billion.
The number of M&A transactions worth more than $1 million also decreased by more than 2 times: from 120 transactions in 2021 to 54 transactions in 2022 (with 21 transactions in January-February 2022).
Relative stability in wartime was demonstrated only by the Ukrainian IT sector and the venture industry. In sectoral terms, the lion’s share of transactions fell on venture capital deals and acquisitions of IT companies: $278 million (more than 90% of the total volume of M&A transactions in Ukraine) or 38 transactions (70% of the total number of M&A transactions in Ukraine). Compared to 2021, the number of transactions in the IT sector remained at the same level, but their volumes decreased by 3 times.
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