Buyout firms have recently used a range of reset tools to incentivise management, requiring careful navigation of legal, tax, and regulatory issues.
As buyout firms navigate current pressures on portfolio company...more
2/28/2024
/ Business Valuations ,
Buyouts ,
Capital Gains ,
Cash-in-Lieu of Benefits ,
Corporate Management ,
Corporate Restructuring ,
Equity Compensation ,
Incentive Compensation ,
Share Class Structures ,
Share Classes ,
Sponsors ,
Valuation
GP-led secondary deals — where a sponsor initiates the sale of portfolio companies from a fund it manages to a new fund it also manages — were a prominent feature of the private equity landscape in 2022, encouraged by...more
From potential cartel behaviour to repaying government loans, deal teams should remain alert to lingering issues rooted in a company’s response to the pandemic. The recovery of the European PE market since the early days of...more
6/28/2021
/ Acquisitions ,
Asset Purchase Agreements ,
Business Valuations ,
Cartels ,
Complex Corporate Transactions ,
Contract Terms ,
Coronavirus/COVID-19 ,
EU ,
Federal Loans ,
Material Adverse Change Clauses (MACs) ,
Private Equity ,
Purchase and Sale Agreements ,
Representations and Warranties ,
Risk Assessment ,
Share Purchase Agreements
Despite practical challenges, earnouts are a tool that PE buyers should increasingly consider to reconcile differences and get deals done.
The use of earnouts, though historically disliked by PE buyers, is increasing...more
Earn-outs, where additional consideration is paid post-completion based on the performance of a target business, are becoming increasingly common in private M&A transactions. Our recent survey of European deals between July...more