The Everchanging nature of M&A - A deep dive into history
Read Time: 4 mins What is M&A? Mergers and Acquisitions is a broad term that covers the consolidation of firms or part of firms or assets through different types of financial transactions. In general, M&A is a term that is used for a merger, acquisition, consolidation, tender offers and much more. For the scope of this blog, we'll take M&A in its broader aspect considering that it ranges outside of atypical Merger or Acquisition. M&A is not something new. M&As are playing a key role historically in multiple economic downturns. To date, the evolution of M&A is being broken down into 6 waves, however, due to the pandemic, some believe that we have encountered the 7th wave as well. Before diving into the details of the 7th wave, let's have a sneak peek into the past. First wave/Monopolisation (1897-1904) Known as the 'Great Merger Movement', the first wave was centred across the US manufacturing sector. This wave was driven by corporations who were