Legal News

Financial Institutions M&A sector trends: Fintech — H1 2020 and outlook for H2 2020. H1 2020 heralds an entirely new era for fintech, a market segment which scarcely existed at the time of the global financial crisis. Many founders and investors, who have enjoyed a bull run since 2015, have had their first taste of the bear markets which banks endured in the years following 2008....By: White & Case LLP

In a statement to Congress last week, Commissioner Rohit Chopra of the Federal Trade Commission (FTC) advocated for increased antitrust enforcement against private equity-backed “roll-up” acquisition strategies, especially acquisitions of physician practices and other healthcare providers. “Roll-ups” are a common strategy where an investor, such as a private equity firm, buys several companies operating in the same line of business and combines them into a larger organization that is better....

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”), and the Paycheck Protection Program Flexibility Act (“PPP Flexibility Act”) (together, the CARES Act1, PPPHCE Act, and PPP Flexibility Act are called the “CARES Act”). The CARES Act is important to certain real estate businesses because it offers necessary financial ...

Six months after the onset of the coronavirus pandemic, many merger and acquisition transactions remain delayed or sidelined. As companies report their Q2 financial results, investors are also focused on opportunities to acquire promising businesses that may face near-term financial and operational challenges, at lower valuations than were available prior to the pandemic......By: Foley & Lardner LLP

For the first time since the 1980s, the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC), collectively the agencies, issued new Vertical Merger Guidelines (Guidelines) setting forth how they intend to analyze mergers between companies at different levels in a distribution chain (referred to as “vertical mergers”)....By: Cozen O'Connor

Employers and employees alike used to place a premium on shared work spaces. These spaces were heralded as collaborative, cost-saving and trendy. Now, in the wake of COVID-19, people must avoid being in close proximity to others and there is a new premium on additional space and distancing....By: Snell & Wilmer

As construction companies continue to operate under the stresses of the COVID-19 pandemic and social unrest, projects are starting and stopping as a result. These interrupted schedules, along with our overall disrupted economy, can increase the risk of non-payment. What should you do if there is an arbitration provision in your contract but you want to file a mechanic’s lien to protect your payment rights? First, it is useful to understand the different roles of an arbitration dispute resolutio...

Financial Institutions M&A sector trends: Banks — H1 2020 and outlook for H2 2020. Banks with stronger balance sheets capitalise on M&A opportunities amidst COVID-19 market turmoil, while their weaker peers consolidate to survive....By: White & Case LLP

As the COVID-19 pandemic spread, global M&A value dropped to the lowest half-yearly total since H1 2010. The first six months of 2020 has registered a massive drop in M&A activity. The total value of deals announced in H1—both completed and pending—was US$901.7 billion, 53% below the same period the year before and the lowest half-yearly total since H1 2010. Volume, meanwhile, fell 32% year on year, to 6,943 deals, the lowest half-yearly volume total since H1 2013....By: White & Case LLP

Amidst the COVID-19 pandemic, total buyout volume in the first half of 2020 dropped 23% annually, while value fell 30%—less than half the rate of decline of overall M&A. Private equity buyout activity, especially primary buyouts, remained relatively strong across the first six months of 2020. Against a global M&A landscape which saw H1 volume fall 49% on the previous year and value drop 69% over the same period, PE buyout volume (both primary and secondary) dropped by only 28% to 1,335...By: W...