Eversheds Sutherland, a global law firm, has announced the addition of Michael Lebovitz as a partner in their tax practice group. Based in San Francisco, California, Lebovitz is an established name in the field of international tax advice. His strategic counsel on joint ventures, cross-border mergers and acquisitions, post-transaction integration, international corporate finance, and capital…
In a shift indicating the changing dynamics of the market, intra-Asia transactions are now leading the Asia Pacific mergers and acquisitions (M&A) sector, as reported by Refinitiv in their most recent global M&A review. According to the review, of the top 13 largest transactions in Asia Pacific during the first half of 2023, eight were…
A consortium of international law firms have recently played key roles in a major cross-border acquisition, valued at €960 million. This significant deal involved the purchase of Italy’s ARAG Group (a specialist in precision agricultural tools and products), by the Nordson Corp., a diversified business entity based in the United States. The selling parties included…
Law firm mergers appear to be evolving in complexity and scope. In recent years, not only has the total number of mergers dropped below average, but the nature of these mergers is also undergoing change. Larger and larger firms are navigating increasingly complicated combinations, analysts believe. Notably, there has been a decrease in the number…
During the first half of 2023, worldwide mergers and acquisitions (M&A) encountered a downturn, recording a three-year low with $1.3 trillion in deals. This figure is a 37% drop compared to the previous year. The total number of finalized deals was approximately 27,300, marking a 9% decrease year-over-year. You may view the complete data here….
The accelerating integration of artificial intelligence (AI) in various sectors is not only spurring novel types of mergers and acquisitions (M&As), but it is also drastically altering the existing methodologies firms employ to orchestrate these transactions. Increasingly, AI is penetrating aspects of M&A practices traditionally helmed by humans, including tasks such as due diligence and…
In the second quarter of 2023, global antitrust enforcement maintained a consistent presence, specifically in the technology domain. As per recent reports, the US Federal Trade Commission (FTC) and Department of Justice (DOJ) have announced a series of proposed guidelines that primarily focus on the technology mergers happening within the country. Simultaneously, major tech deal…
Recent reports indicate a downwards turn for DWF Group PLC. Despite a modest increase in the UK-listed law firm’s revenue, firm leaders have expressed the unprecedented decision not to engage in significant mergers and acquisitions in the foreseeable future. This stance has been attributed to current economic pressures. The report comes ahead of an anticipated…
Mergers and acquisitions (M&A) have remained relatively languid within the healthcare sector as we moved into the latter half of 2023. However, there is an air of expectancy that this lethargy might be lifted soon. Experts, such as M&A lawyer Matt Gardella from Mintz, argue that market conditions hint towards a resurgence in biopharma M&A…
In an ever-evolving digital landscape, legal professionals must stay updated on changes and trends impacting global legal affairs. This article addresses a few significant developments relevant to corporate lawyers, those in big law firms, and legal teams in multinational corporations. Each topic discussed pertains to a recent legal event or jurisprudence that may influence future…
The anticipated challenge posed by the Federal Trade Commission (FTC) to the sizable $25 billion merger between supermarket chains, Kroger and Albertsons, is casting a spotlight on the FTC’s newly established, yet controversial, merger guidelines. Experts from the mergers and acquisitions sector are closely monitoring this situation, considering the implications it might hold for future…
In an update from our previous reporting on July 7, it seems that the Federal Trade Commission (FTC), with the agreement of the U.S. Department of Justice, has decided to extend the comment deadline on changes to the Hart-Scott-Rodino (HSR) Act of 1976’s premerger notification process. These proposed changes would be sizable and demand a…
The US federal antitrust enforcement bodies have released a long-awaited draft of merger guidelines, according to JD Supra. These new draft guidelines are geared towards shaping the review process of mergers and acquisitions and embody significant changes to the existing enforcement policy. This update holds substantial implications for future Mergers & Acquisitions (M&A) plans of…
There has been a remarkable change in the metrics used to calculate earnout payments in recent years. According to analysis of the Goodwin Private Equity Deals Database, there’s a shift towards the use of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) as a crucial determinant. The analysis indicates that EBITDA became almost as prevalent…
Adding to its international footprint, the Japanese law firm TNY Group is preparing to inaugurate its first office in India. This comes following India’s decision half a year prior to liberalize its domestic legal market. The recent establishment of the TNY Group came in 2021, under the co-guidance of managing partners Yuji Tsutsumi and Takahisa…
Stroock & Stroock & Lavan LLP, a renowned law firm, announced on Monday its plan to initiate a full buyout of its pension. This move comes as the firm is reportedly in the process of seeking a merger with another firm. The pension buyout has been voted on and approved by a requisite majority within…
As of now, the EU Foreign Subsidies Regulation (FSR) – which oversees cross-border monetary contributions – has officially taken effect. The European Commission (EC) will gain increased regulatory power thanks to the FSR. This outcome comes as part of a commitment to reduce distortion to competition within the EU’s internal market, a disruption which traditionally…
The U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) have issued draft guidelines concerning the application of U.S. antitrust laws to merger investigations. This represents a significant shift in policy direction, calling into question decades of legal precedent on merger enforcement. Significantly, the draft guidelines propose an abandonment of competitive effects analyses, which…
In a recent development in the healthcare and life sciences private equity space, WM Partners has completed the acquisition of Allergy Research Group from Kikkoman Corp. This transaction marks a significant venture for WM Partners into the thriving sector of healthcare. As reported by JD Supra, the details of the transaction have not been fully…
Recently, the Federal Trade Commission (FTC) and Department of Justice (DOJ) presented drafts of their proposed new Merger Guidelines. The main purpose of these revisions is to reflect and respond to the realities of the modern economy. These proposed guidelines will offer a new set of overarching principles for the FTC and DOJ to implement…
While artificial intelligence (AI) may be a fairly recent addition to tech stacks generally, M&A lawyers are quite accustomed to this form of technology. Having been incorporated into their utilities for some time, near about a decade now, AI is not a newcomer in the world of mergers and acquisitions law. The increase of AI…
As the globe continues to navigate an uncertain economic landscape, with challenges such as climbing interest rates, inflation and the looming threat of a potential recession, the Mergers and Acquisitions (M&A) activity landscape is also adjusting. Industry experts suggest that the future may include an increased prevalence of transactions involving distressed targets, particularly within the…
In a noteworthy development from the world of law, Osler, a leading Canadian law firm, has appointed a new co-chair from its Toronto Mergers and Acquisitions (M&A) division. Notably, alongside this significant change, the firm has also welcomed new partners into its Intellectual Property (IP) and real estate divisions, showing a clear commitment to expansion…