The Change in Mergers and Acquisitions Landscape
Sharing a post from Financial Times that describes fundamental changes to the landscape of mergers and acquisitions (M&A) over the past 15 years.
Both buyers and sellers should take note:
▪️ Lawyers are now involved earlier in the M&A process, participating before the letter of interest is even sent, and they focus on closing certainty and risk allocation.
▪️ Buyers now prioritize the fundamentals of the target company, which marks a shift in buyer priorities as they move away from a sole focus on asset gathering.
▪️ Regulatory changes have led to increased fee transparency, which has prompted a reorientation in what acquirers seek.
▪️ Acquirers now assess intellectual property protection, customer access, revenue fit, and employee access of the business being acquired.
▪️ Cultural fit is now a crucial factor as well, and it has caused some buyers to walk away from potential targets.
▪️ Valuations are now less tied to market expectations, and are becoming more focused on specific attributes.
The landscape is always evolving, emphasizing the need for a holistic approach to M&A. Check out the full article here: https://www.ftadviser.com/your-indust...
Discover more about Louis Lehot and explore additional professional insights on his website: https://louislehot.com
Explore more of Louis Lehot’s insightful articles at / lehotlouis .
Know more about Louis here:
Louis Lehot Substack: https://louislehotattorney.substack.com/
Louis Lehot Chambers: https://chambers.com/lawyer/louis-leh...
Louis Lehot Superlawyers: https://profiles.superlawyers.com/cal...