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Mergers & acquisitions

June 2018  |  SPECIAL REPORT: MERGERS & ACQUISITIONS

Financier Worldwide Magazine

June 2018 Issue


Dealmakers seem generally optimistic that the number of mergers & acquisitions (M&A) will increase over the next 12 months. Indeed, many companies are sending strong signals that they intend to aim for bigger deal targets in 2018, with cash reserves earmarked for M&A activity. Furthermore, the acquisition of technology assets now ranks number one as a strategic driver of M&A and is also a major factor for industry convergence activity. Looking ahead, while global economic uncertainty, capital market volatility, deal valuations and interest rates remain potential obstacles, dealmakers are confident that there will be an acceleration of M&A activity – both in the number of deals and the size of transactions.

FORUM: M&A in the telecommunications sector

FW moderates a discussion on M&A in the telecommunications sector between Mathias Elspass at Clifford Chance, Sandeep Mehta at J. Sagar Associates, Daniel Francisco Di Paola at Marval O’Farrell & Mairal, Oliver Stacey at Norton Rose Fulbright LLP, and Michael J. Young at Reed Smith LLP.

The new roadblock to cross-border M&A in an ever-more globalised world

Gibson, Dunn & Crutcher LLP As if it was not already tough enough to get a complex cross-border deal done. Differences in valuation and pricing, legal pitfalls associated with the targeted business, financing and the conditions thereof as well as merger control...

How to address corruption and compliance issues in global M&A transactions

Jones Day With the increased enforcement in the last decade of violations of the US Foreign Corrupt Practices Act (FCPA) by the Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC), as well as the enactment and enforcement...

W&I insurance as a regular transaction element

Hogan Lovells International LLP European M&A markets posted significant growth (14 percent) in terms of overall deal volume in 2017, and so far there are no indications of a significant slowdown in 2018. Within a strong overall environment, Germany continued to outperform...

Mind the gap: negotiating representations & warranties in the context of M&A in India

Platinum Partners As M&A transactions become more sophisticated in India, representations, warranties and indemnity clauses remain the most extensively-negotiated clauses. Buyers and sellers negotiate exhaustive lists of representations and warranties...

Argentina, finally in the investors’ loop?

Marval O’Farrell & Mairal After a decade of isolation and increasing economic regulation, presidential elections at the end of 2015 led to a significant change in Argentina’s business environment. The success of the coalition ‘Cambiemos’ in the 2017 mid-term elections was...

Impact of new LLC law on M&A in Ukraine

CMS On 6 February 2018, the Ukrainian parliament took a final vote and approved a new law on limited liability companies (LLCs) and additional liability companies. This final vote followed more than two and half years of preparatory work aimed at changing the...

Material asset restructuring (MAR) in Chinese outbound investments

Clifford Chance Deutschland LLP Outbound investment is a challenging undertaking for any Chinese company. If a Chinese investor is a listed company, and the target business is of a substantive nature compared to the assets and value of the Chinese investor itself, the acquisition is even...

Recent developments in Australia’s ‘truth in takeovers’ policy

Herbert Smith Freehills Under Australia’s ‘truth in takeovers’ policy, both the Australian Securities and Investments Commission (ASIC) and the Takeovers Panel will expect bidders, targets and shareholders to adhere to public statements that they will do, or not do...

Executing well – managing legal transaction risk in M&A

MinterEllisonRuddWatts M&A transactions are designed to serve a strategy of generating value, whether as part of a growth or exit plan. Managing transaction risks in these types of transactions is key to successfully executing that strategy. Attitudes of buyers and sellers on...


CONTRIBUTORS

Clifford Chance

CMS

Gibson, Dunn & Crutcher LLP

Herbert Smith Freehills

Hogan Lovells International LLP

J. Sagar Associates

Jones Day

Marval O’Farrell & Mairal

MinterEllisonRuddWatts

Norton Rose Fulbright LLP

Platinum Partners

Reed Smith LLP


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