Refinitiv: Ellex leads M&A market in Eastern Europe by deal count

Refinitiv has announced its rankings for the entire year of 2020. Ellex has been ranked in two market segments: small-cap and mid-market. According to both reports, Ellex leads M&A market in Eastern Europe by deal count (61 deals counted for Ellex).

The credited deal value for Ellex in small-cap and mid-market segments of the Eastern European region is US$ 120.8 million.


Announced league tables of Refinitiv include all announced deals between January 1 and December 31 of 2020. League tables include rank eligible mergers, acquisitions, repurchases, spin-offs, self-tenders, minority stake purchases and debt restructurings.


The overall results show that small-cap M&A during the fourth quarter of 2020 increased by 13% compared to the third quarter of this year and set an all-time quarterly record, by deal value and number. Furthermore, global mid-market M&A deals valued up to US$ 500 million (including undisclosed value deals), which is the strongest full-year period in two years.


Technology leads all small-cap sectors by deal value and number of deals. The industrials and healthcare sectors comprised the two next largest sectors. In addition, according to the Mid-Market Mergers & Acquisitions Review, such industries as technology and real estate are mid-market leaders. However, the advancing sectors of 2020 are healthcare and telecoms.


Refinitiv rankings (formerly the Financial and Risk business of Thomson Reuters) are a recognition of the outstanding service provided by Ellex to its clients, which is based on our reputation and experience in the field built up over decades.

Linked Experts

Person Item Background
Raimonds Slaidiņš
Senior Partner / Latvia
Person Item Background
risto vahimets
Risto Vahimets
Partner / Estonia
Person Item Background
Rolandas Valiūnas
Managing Partner / Lithuania