The volume of announced and completed M&A deals in Ukraine, including corporate deals, venture capital transactions in the technology sector, as well as deals on the privatization of state property and the sale of collateral assets, amounted to $1,2 billion in 2024. Given the low publicity and transparency of deals, we assume that the volume of the M&A market in Ukraine in 2024 was somewhat higher, according to our estimates, it may be about $1,5 billion.

In 2024, there were no mega-large deals worth more than $200 million (in 2023, the value of the largest deal was $500 million). The number of M&A deals in Ukraine worth over $0,5 million in 2024 compared to 2023 increased by more than 20% and amounted to 113 deals (versus 91 deals in 2023).

Foreign investors accounted for 45% of the total number of investment deals, and in value terms - 60%.

TOP-3 largest deals in Ukraine in 2024:

1. The largest deal was the investment round to attract $200 million by Creatio (developer of a no-code platform for business process automation and CRM) from Sapphire Ventures, StepStone Group, Volition Capital and Horizon Capital. Thanks to the new round of investments, Creatio's capitalization reached $1,2 billion.

2. On the second place there was the M&A deal for the acquisition of the Ukrainian operator lifecell and fixed Internet provider "Datagroup-Volia" by the investment company NJJ Holding of French billionaire Xavier Niel for $120 million.

3. Third place for the privatization of 100% of the state-owned stake in the authorized capital of JSC "United Mining and Chemical Company", which was won by NEQSOL Holding-controlled LLC "Tsemin Ukraine" with a bid of $96 million.

Reference source: http://surl.li/fgdbc7dhfyg