Welcome to KWM’s M&A in the city
Coming into 2023, macro-economic headwinds - inflation, rising interest rates, and unrest overseas – are still lingering from the previous year. Will we see a renewed surge of M&A activity, will the market remain as is, or will we return to pre-2021 deal activity (or worse)? It’s anyone’s guess.
What we do know is that challenges and change will create opportunities for deal-makers, particularly private equity and multinationals who have dry powder and are experienced, and motivated, to do deals in difficult conditions. Geopolitics may balloon around, but China’s leadership has made it clear that the next 5 years will be pro-business.
In our first edition of M&A in the City for 2023 we share our insights on what to look out for in key areas including Private Capital, Health, and Energy. We also share a series of in-depth pieces on how we’ve seen the technical and tactical elements of our M&A market play out in recent times – noting that there have been some significant recent developments!
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Technical & tactical M&A elements: in-depth series
Insight
Lessons from Basslink - the coalface of credit bids for infrastructure assets
Whilst the “insolvency tsunami” hasn’t hit Australia, depressed economic conditions have resulted in high profile corporate collapses.
16 February 2023
Insight
Takeovers Panel lays down the law (again) on pre-deal exclusivity
In the last weeks of 2022 the Takeovers Panel released a consultation paper on proposed changes to its 2007 guidance note on lock-up devices.
16 February 2023
Insight
How would the Musk-Twitter saga play out in Australia?
We public M&A lawyers are rarely an excitable bunch. But that all changed in early July, when Elon Musk said he’d renege on his Twitter deal, only to come back and close moments before a Delaware Court was to consider whether he could do so!
16 February 2023
Insight
Stake building – the new exclusivity?
Whilst ‘hard’ exclusivity is becoming difficult for Australian public M&A, stake building continues to be a useful strategy.
16 February 2023
