2020 was one of the most challenging years in the modern history of not only Russia, but the whole world. Covid-19 forced companies to look at the sustainability of their operations, and how geared they are to doing business in the modern world. In the wake of Covid-19, digitalization and transformations have become top priorities for companies. While M&A remains the fastest way to realise transformations, making the right investment is now vital.

In our study we examine key events from the past year and their impact on economic and investment processes, and we also consider opportunities for the upcoming years. We discuss in detail the most important emerging trends, such as accelerated digitalisation, investment processes in healthcare and pharmaceuticals, renewable energy, and relations with strategic partners in the east.

As before, our conclusions and forecasts are based on a longstanding and thorough analysis of M&A market data and our extensive experience in supporting M&A deals and processes across the Russian market.

Despite the immediate challenges the market faces, we remain convinced that the Russian economy will continue to provide opportunities to create value through M&A over the long term.