April was down, as expected
An early look at April 2020 deal volume shows the significant decline we’ve all been anticipating. Only 158 transactions were completed last month, less than half of the typical monthly volume we were seeing pre-pandemic. As we’ve noted in the past, some of these deals were announced before the market turmoil began, so recent data is somewhat inflated by contractual obligations. We may see even lower numbers in May once the pause in activity is more visible in the numbers.