
As managing partner with Lynx Equity Strategies in New York, Jahanara Nissar draws on a background at AllianceBernstein delivering measurable portfolio management solutions. With a focus spanning areas of technology from semiconductors to Internet stocks, Jahanara Nissar maintains a close watch on market trends.
As reported by CNN Business, the first quarter of 2021 was characterized by an intense flurry of global dealmaking, with announced mergers and acquisitions totaling $1.3 trillion. This represents a year-on-year increase of 94 percent and stands out as one of the strongest year-opening periods for M&A since record keeping began four decades ago.
Driving this transactional activity was the tech sector, which tripled in deal value from first quarter 2020 to $274 billion. Another major factor was mergers with “blank check” SPACs (special-purpose acquisition companies). These seek out growth takeover targets and represent an alternative to the traditional, public disclosure-intensive IPO. From January to March, a total of 110 SPAC combinations generated $232 billion in transactional momentum.
Among the biggest winners of all this activity were the investment banks that organize and execute these complex deals. Investment banking fees worldwide were estimated to have exceeded $39 billion, the strongest performance since 2000. Looking toward the second quarter, major deals have continued to move through the pipeline. These range from Microsoft’s $16 billion acquisition of Nuance, an artificial intelligence developer, to Southeast Asia food delivery and ride-hailing service Grab’s $40 billion merger with a US SPAC-backed company.



