By Mr. Michael Brigl & Prof. Bernhard Schwetzler & Mr. Benjamin Hammer & Mr. Heiko Hinrichs
This article discusses how buy-and-build deals, in which private equity firms introduce operational improvements to their portfolio companies through add-on acquisitions, are now the PE value creation strategy of choice.
By Colin Kass, Esq. & Christopher E. Ondeck, Esq. & John R. Ingrassia, Esq.
The FTC’s Premerger Notification Office has expanded the Hart-Scott-Rodino (HSR) reporting requirements for certain leveraged buyouts. The HSR reporting rules require that before certain transactions can close the antitrust enforcement agencies—the FTC and DOJ—must be notified and a 30-day waiting period must be observed.
Merlin Partners LP v. AutoInfo, Inc., a recent decision from the Delaware Court of Chancery, reaffirmed that a negotiated merger price can be the most reliable indicator of value when it is the product of a fair and adequate process.
This Transaction Advisors Chicago M&A Conference presenter advised active acquirers to expect to face increased stock price pressure, which in turn may make them less likely to pursue future M&A opportunities.