We conclude our special series, “Five Biggest #PrivateCapital​ Surprises of 2020,” with:    

Surprise #5: The M&A Big Bang  

Last July published a white paper on COVID-19 and M&A Activity. It was called “COVID-19 and M&A Activity”. Besides logistical challenges, there were worries about second and third infection waves. “We’re expecting a light second half,” one banker told us.   

Ok, so that didn’t happen....