$510 Million in Deals: Ukraine’s M&A Market Expands in 2024 | Ukrainian News

Foreign investors close $410 million worth of M&A deals in Ukraine

Following a significant increase in 2023, activity on the Ukrainian mergers and acquisitions (M&A) market continued to grow in the first half of 2024: the number of deals increased by 4.2% compared to the same period in 2023 (from 24 to 25 deals), according to a report by KPMG in Ukraine.

The total value of transactions increased by 31% compared to the first half of last year, reaching $510 million.

The average deal size increased from $28 million in H1 2023 to $43 million in H1 2024. This increase was driven by two large deals exceeding $100 million: a $200 million financing round for IT company Creatio and NJJ Capital’s acquisition of telecommunications company Datagroup-Volia for $120 million.

Foreign investors closed seven M&A deals (compared to nine in H1 2023) with a total value of USD 410 million. The majority of these deals (six of seven) were in the innovation and technology sector, continuing trends from 2023.

Deals involving Ukrainian investors accounted for 9% of the total deal value and 40% of the total deal volume in Ukraine. KPMG notes that 2024 saw the lowest level of deal value disclosure in the domestic market since 2013, with only 20% of deals disclosing their value (compared to 67% in H1 2023).

Notable domestic transactions included the acquisition of Service Pro, a large distributor of household and hygiene products, by Biosphere Corporation.

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