Latest M&A News:

  • 01/19/21: Clearlake Portfolio Company Janus International Acquires G&M Stor-More
    TEMPLE, Ga.--(BUSINESS WIRE)--Clearlake Capital Group, L.P. (“Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other industrial sectors, announced today that Steel Storage Australia, a wholly owned subsidiary of Janus, has acquired G&M Stor-More Pty Ltd (“G&M Stor-More”), a premier provider of self-storage design - Source: Business Wire Merger/Acquisition News
  • 01/19/21: HealthStream Acquires ComplyALIGN
    NASHVILLE, Tenn.--(BUSINESS WIRE)--HealthStream (Nasdaq: HSTM), a leading provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired ComplyALIGN (incorporated as ProcessDATA, Ltd.), a Chicago-based healthcare technology company. Through the acquisition, HealthStream gains an innovative, SaaS-based policy management system for healthcare organizations that is deployed and highly praised by its customers. ComplyALIGN’s products are used by over - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Vauxhall plant at risk after 'brutal' 2030 ban, says Stellantis boss

    Chief executive of newly formed carmaker warns future of UK production depends on government

    The future of Vauxhall’s UK car production will depend on government support after the “brutal” decision to ban the sale of new petrol and diesel cars from 2030, according to the boss of Stellantis, the newly formed carmaker.

    Stellantis was officially created on Saturday after the completion of the merger between Fiat Chrysler Automobiles and Peugeot, the owner of the Vauxhall brand. The merger, first announced in October 2019, has created a global automotive giant with 400,000 employees and 14 brands, but its completion has also refocused the spotlight on its plant in Ellesmore Port, one of Vauxhall’s two remaining British factories.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 01/19/21: GS Foods Group Acquires Fresno Produce
    ONTARIO, Calif.--(BUSINESS WIRE)--GS Foods Group, Inc. (“GS Foods”), a leading specialized food distributor owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), today announced the acquisition of family-owned and operated produce supplier Fresno Produce, Co. (“Fresno Produce”). The partnership will integrate GS Foods’ national nutrition expertise — including procurement, distribution, logistics and sophisticated service capabilities — with a local ope - Source: Business Wire Merger/Acquisition News
  • 01/19/21: EP Wealth Advisors Acquires NewFocus Financial Group
    TORRANCE, Calif.--(BUSINESS WIRE)--EP Wealth Advisors, LLC (“EP Wealth”), a leading independent registered investment adviser (“RIA”) on a mission to provide clients with honest and objective advice from experienced financial advisor teams through personalized financial planning, customized investment portfolios, and integrated tax and estate planning, announced its acquisition of NewFocus Financial Group, LLC (“NewFocus”). The acquisition expands EP Wealth’s footprint to the area of Greater Va - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Belden Announces Acquisition of OTN Systems N.V., Increased Guidance for Fourth Quarter 2020
    ST. LOUIS--(BUSINESS WIRE)--Belden Announces Acquisition and Guidance Increase - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Brightstar Corp. Adds Premium Tech Support Capabilities with LucidCX Acquisition
    CREWE, United Kingdom--(BUSINESS WIRE)--Brightstar Corp. (Brightstar), the global leader of end-to-end device lifecycle management solutions, today announced it has acquired LucidCX, a provider of premier customer service management software and services. The acquisition follows a period of significant global investment for Brightstar and adds premium technical support capabilities to its expanding service portfolio. LucidCX provides industry-leading tools to support customers through the entir - Source: Business Wire Merger/Acquisition News
  • 01/19/21: NinjaTrader Acquires TransAct Futures
    CHICAGO--(BUSINESS WIRE)-- #fintech--Acquisition of clearing operations equips Fintech leader to further modernize the retail futures trading industry - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Waypoint Real Estate Investments Announces the Close of First Preferred Equity Investment
    BOCA RATON, Fla.--(BUSINESS WIRE)-- #multifamilyinvesting--Waypoint Real Estate Investments launched preferred equity program with investment in Fort Worth, TX mixed-use master-planned development. - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Protolabs Reaches Agreement to Acquire 3D Hubs, Creates the World’s Broadest Digital Manufacturing Offer for Custom Parts
    MAPLE PLAIN, Minn.--(BUSINESS WIRE)--Proto Labs, Inc. (NYSE: PRLB), a global technology-enabled digital manufacturing leader, has entered into a definitive agreement to acquire 3D Hubs, Inc. (“3D Hubs”), a leading online manufacturing platform that provides engineers with on-demand access to a global network of approximately 240 premium manufacturing partners. The transaction creates the world’s most comprehensive digital manufacturing offer for custom parts, providing Protolabs with a network - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Rockwell Automation Completes the Acquisition of Fiix Inc., Cloud Software Company for Leading Edge Maintenance Solutions
    MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, has completed the acquisition of Fiix Inc., an AI-enabled computerized maintenance management system (CMMS) company based in Toronto, Ontario, Canada. Fiix’s cloud-native software helps companies to schedule, organize and track equipment maintenance. It connects seamlessly to business systems and drives data-driven decisions. The addition - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Citrix to Acquire Wrike, Delivering Modern Digital Workspace and Advancing Future of Work
    FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- #CitrixIsHow--Citrix Systems, Inc. (NASDAQ:CTXS), today announced that it has entered into a definitive agreement to acquire Wrike, a rapidly growing, recognized leader in the SaaS collaborative work management space, for $2.25 billion in cash. Citrix today also reported earnings for the fourth quarter and fiscal year ended December 31, 2020 and has posted additional materials, including an earnings letter and investor presentation, on its Investor Relations website at - Source: Business Wire Merger/Acquisition News
  • 01/19/21: Kasada Acquires 1602 Keys Sub-Saharan African Hotel Portfolio From AccorInvest
    JOHANNESBURG & PORT LOUIS, Mauritius--(BUSINESS WIRE)--Kasada acquires 1602 keys Sub-Saharan African hotel portfolio from AccorInvest - Source: Business Wire Merger/Acquisition News
  • 01/15/21: Why Are Some Mutual Funds Changing Into E.T.F.s?
    With money flowing into exchange-traded funds, a handful of traditional mutual funds are changing form. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 01/14/21: Mike D Sells Hester Diamond's Art at Auction
    Out with the (very) old at Sotheby’s. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 01/13/21: Sir David Barclay obituary
    Reclusive billionaire who, with his twin, built a vast business empire including the Telegraph and the Ritz

    Together with his identical twin, Frederick, Sir David Barclay, who has died aged 86, was one of the Barclay brothers, the businessmen whose energetic pursuit of high-profile acquisitions, from the Ritz hotel to the Telegraph newspaper chain, was matched only by the lengths to which they went to preserve a low personal profile. It was a crusade that saw them, although proprietors of a British newspaper chain, use French courts and the more amenable French legal system to seek retractions and apologies from other news organisations, inevitably generating even greater interest in their business and personal activity.

    They were two of the most successful British businessmen of their time but hung on to their trophy acquisitions for too long. Their interdependent relationship and their empire crumbled unexpectedly and dramatically when they were in their mid-80s.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 01/06/21: Daniel M. Tellep, Engineer Who Steered Lockheed’s Growth, Dies at 89
    A pioneer of aerospace and missile systems, he rose to chief executive, then initiated the Lockheed-Martin merger that formed the world’s largest military contractor. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 01/05/21: Marks & Spencer looks to snap up Jaeger

    M&S expected to buy Jaeger’s brand and stock, but not its scores of shops, reports say

    Marks & Spencer is finalising a deal to buy upmarket fashion brand Jaeger as it seeks to bolster its clothing business with new names.

    M&S has been linked to Jaeger since it fell into administration in November, as part of entrepreneur Philip Day’s stricken Edinburgh Woollen Mill Group, which also owns Peacocks and Austin Reed. Both M&S and Jaeger were founded in the 1880s.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 01/04/21: Home Solar Is Growing, but Big Installers Are Still Losing Money
    Some companies are having trouble surviving and making money installing panels because of intense competition and the high costs of doing business. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 01/04/21: Fiat Chrysler and Peugeot Approve a Merger They Need to Survive
    Shareholders of the two companies voted to join forces in an effort to cope with a major technology shift and plummeting sales. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 01/04/21: No need for Entain to rush into accepting MGM Resorts offer | Nils Pratley

    Owner of Ladbrokes and Coral right to take a wait-and-see approach ahead of US online betting bonanza

    It feels surprising that the big beasts of the US gambling scene, Las Vegas casino companies, are such digital dunces that they require UK-listed companies to tell them how to run an online betting business. But a pattern has been established. Slick back-office technology, proved over years in Europe, is seen as critical to cracking the liberalising US betting market.

    Caesars Entertainment last year agreed a £2.9bn purchase of William Hill. US money is flowing into Flutter Entertainment, owner of PaddyPower and Betfair. Now MGM Resorts has bid £8.1bn for Entain, as GVC, owner of Ladbrokes and Coral, calls itself these days.

    Related: Ladbrokes owner’s shares leap after it rejects £8.1bn MGM bid

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/31/20: Alden Global Bids for Control of Tribune
    Alden Global Capital, already Tribune’s biggest shareholder, is known for its practice of slashing costs in its newsrooms. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 12/31/20: Countrywide accepts Connells' £130m takeover offer

    Move brings together two of UK’s biggest estate agency groups

    Connells has struck an agreed offer for Countryside, the owner of Hamptons International, after raising its bid to £130m, bringing together two of Britain’s biggest estate agency groups.

    The boards of Connells, which is part of Skipton building society, and Countrywide, the UK’s biggest listed estate agency group, said they had agreed terms of a recommended cash offer at 395p a share. Connells made an initial offer of 250p a share in early November and raised this to 325p a share a month later. The shares traded at 145p before the initial bid was made.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/30/20: Amazon Buys Wondery as Podcasting Race Continues
    The deal, valued at $300 million, is the latest in a string of acquisitions as streaming platforms expand beyond music and video. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 12/30/20: Priory rehab clinics sold to private equity firm for £1.1bn

    Waterland deal will create one of world’s largest private mental health services providers

    The Priory rehabilitation clinic, favoured by celebrities trying to achieve sobriety or tranquillity, has been sold to a private equity firm for £1.08bn to create one of the world’s largest private mental health services providers.

    The famous Roehampton clinic in south London, which has treated celebrities including Katie Price, Kate Moss, Amy Winehouse, Paul Gascoigne and Eric Clapton, has been bought by the Dutch firm Waterland.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/29/20: The Hut Group spends more than £300m on acquisitions

    Online retailer buys US site Dermstore.com and two UK-based nutrition suppliers

    The Hut Group, the online retail company run by the billionaire Matthew Moulding, has spent more than £300m on acquisitions as it continues aggressive expansion plans after listing on the stock market.

    It is buying Dermstore.com, an online skincare retailer, from the US retail chain Target for $350m (£259m). It is also spending almost £60m on the purchase of two UK-based nutrition suppliers, Claremont Ingredients and David Berryman.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/28/20: Trump Threatens to Reject $900 Billion Stimulus
    The president threatened to upend a hard-fought compromise, but he may not get what he wants. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 12/23/20: UK's Octopus Energy valued at $2bn after Japan supply deal

    British startup in joint venture with Tokyo Gas, which buys 9.7% stake for $200m

    The one-time owner of a London coffee shop now has a paper fortune worth an estimated $155m (£115m) after a deal with a Japanese utility firm valued Octopus Energy, the sustainable energy business he founded little more than five years ago, at $2 billion.

    Greg Jackson, a serial entrepreneur, owns a 7.4% stake in Octopus, the UK’s fastest growing energy supplier. Octopus only attained ‘unicorn status’ – a term used to describe young start-up companies worth $1bn – earlier this year. A new investment agreed on Wednesday has doubled that value in the last eight months as it begins its global expansion.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/23/20: The Village Voice Rises From the Dead
    The owner of LA Weekly, another independent publication, plans to restart The Voice next month. In addition to reviving the website, Brian Calle plans a quarterly print edition. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 12/22/20: Hollywood studio MGM puts itself up for sale at $5bn

    Studio behind James Bond franchise looks to cash in on rocketing prices for content amid TV streaming boom

    MGM, the Hollywood studio behind the James Bond and Rocky franchises, is up for sale with a price-tag of more than $5bn (£3.75bn).

    The studio has explored selling several times over the last few years, most recently in January when preliminary talks were held with Netflix and Apple among others, but price proved to be a stumbling block.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/22/20: Group Nine Media, Parent of PopSugar and Thrillist, Says it Plans to Seek Mergers.
    In an S.E.C. filing, Group Nine said it planned to merge with similar companies but did not cite any agreements with specific partners. - Source: NYT > Mergers, Acquisitions and Divestitures
  • 12/21/20: UK video game industry thrives amid lockdowns and US bidding wars

    Sector grows as developers continue to work and consumers search for Covid boredom relief

    The lockdown boom in video games has put the spotlight on the global success of British game makers, attracting the attention of deep-pocketed US giants looking to snap up valuable pandemic-proof businesses.

    Electronic Arts, the California-based global gaming giant, announced a surprise £945m bid for Codemasters, the maker of Formula One racing games.

    Industry veterans are not surprised by the latest boom, pointing to Britain’s history of creating world-class games

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/17/20: Mulberry shares tumble after Mike Ashley declines to make offer

    Billionaire’s Frasers Group confirms it will not make formal bid for luxury brand

    More than £15m has been wiped off the value of Mulberry after Mike Ashley’s Frasers Group confirmed it would not make a bid for the luxury British brand.

    Frasers, which is also considering bids for ailing the department store chain Debenhams and parts of Sir Philip Green’s Arcadia Group, which owns Topshop, said it would not make an offer for Mulberry within six months unless there was a “material change of circumstances”, a rival bid or under agreement with the handbag maker’s board.

    Pressure from the internet, a declining pound, rising business rates and consumption fatigue – retailers are under fire from all sides. Online shopping now accounts for about a fifth of retail spending and means there are fewer shoppers on the high street. Department stores – hobbled by big premises on long leases, selling brands that are easily found online – have suffered more than most. Among the casualties have been:

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/17/20: TalkTalk endorses £1.1bn offer to take company private

    Largest shareholder and co-founder Charles Dunstone backs deal marking end of tumultuous decade

    TalkTalk has recommended a £1.1bn offer to take the company private, after its largest shareholder and co-founder, Sir Charles Dunstone, backed the deal.

    The deal marks the end of a tumultuous decade as a publicly listed company for the broadband and telecoms company.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/15/20: Delaware Puts the Conduct of Business Covenant on Center Stage in COVID-Related M&A Dispute
    In the months following the onset of the COVID-19 pandemic, a slew of parties filed lawsuits in US courts relating to M&A transactions that were signed prior to March 2020 and that buyers were seeking to terminate as a result of the pandemic. In these lawsuits, buyers commonly alleged one (or both) of the following […] - Source: Cooley M&A
  • 12/14/20: Past Event: SPACs: The Next Gen IPO or Just a Fad?
    On November 24th, Burson Cohn & Wolfe (BCW) brought together experts from across financial services to discuss current activity and prospects for special purpose acquisition companies (“SPAC”). The discussion was moderated by Gus Okwu, an EVP in BCW’s Corporate Group with a focus on financial communications, and the speakers included: • Eklavya Saraf – Global […] - Source: Cooley M&A
  • 12/14/20: AstraZeneca shares slump after it agrees $39bn Alexion buyout

    Britain’s biggest drugmaker offers 45% premium for shares of US rare diseases specialist

    AstraZeneca shares fell sharply after it agreed to a $39bn (£29bn) takeover of the US rare diseases specialist Alexion, the biggest deal in its history if it goes ahead.

    Investors sold off shares in the Anglo-Swedish drugmaker over fears it was paying too much for Alexion in the stock-and-shares deal. The offer price of $175 a share represents a 45% premium on Alexion’s closing price before the deal was announced. To finance the deal, AstraZeneca has secured a $17.5bn bridging loan.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/11/20: Virgin Media and O2 merger faces in-depth investigation by regulator

    CMA makes move because of possible impact on competition in telecoms market

    The UK competition regulator has launched a full in-depth investigation into the £31bn merger of Virgin Media and O2.

    Liberty Global and Telefonica, the respective owners of Virgin Media and O2, struck a deal to merge their UK operations in May.

    Related: Competition watchdog investigates £6.8bn takeover of Asda

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/10/20: Frasers Group reports rise in profits as it mulls Debenhams deal

    Pre-tax profits up 18% at Mike Ashley’s retail group as acquisition talks continue

    Mike Ashley’s Frasers Group has reported an 18% rise in pre-tax profits as it continues talks about the potential acquisition of Debenhams.

    Frasers, which owns Sports Direct, the designer fashion chain Flannels and House of Fraser department stores, made no comment on the progress of discussions with Debenhams’ owners. However a decision on a deal, which could rescue at least some of its 124 outlets and thousands of jobs, is expected imminently.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/09/20: Uber sells loss-making flying taxi division to Joby Aviation

    Elevate disposal follows sale of autonomous vehicle division as Uber aims for profit

    Uber has sold its loss-making flying taxi division, Elevate, to a Californian startup as it abandons costly side projects in an attempt to turn a profit next year.

    The sale to Joby Aviation, announced late on Tuesday, comes a day after Uber ditched ambitions to develop its own self-driving car and sold its autonomous vehicle division, Advanced Technologies Group (ATG), to the startup Aurora Innovation for $4bn (£3bn).

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/08/20: G4S agrees to £3.8bn takeover by US rival Allied Universal

    Security firm with raft of UK government contracts accepts improved 245p a share offer

    Security firm G4S has agreed to a sweetened takeover offer from its US rival Allied Universal Security Services, which values the British company at £3.8bn.

    Under the terms of the cash offer, G4S shareholders would receive 245p a share. This is an improvement on the 210p a share previously offered by Allied Universal, which G4S said significantly undervalued the company.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/08/20: Competition watchdog investigates £6.8bn takeover of Asda

    Sale of supermarket chain to petrol station billionaires Mohsin and Zuber Issa announced in October

    The competition watchdog is investigating the £6.8bn takeover of Asda by a private equity consortium fronted by the Blackburn-based petrol station billionaires Mohsin and Zuber Issa.

    The deal is the second attempt by US retail giant Walmart to sell the Leeds-based supermarket chain. Last year the Competition and Markets Authority (CMA) blocked the first try – an audacious attempt to merge Asda with larger rival Sainsbury’s that would have created a new market leader.

    Related: New Asda owners Mohsin and Zuber Issa - the Blackburn billionaire brothers

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/08/20: Tech giants may face billions of pounds in fines from new UK watchdog

    Competition regulator wants Digital Markets Unit to have power to levy huge penalties if firms abuse code of conduct

    The UK’s new technology regulator should have the power to fine Google, Facebook and other large firms in the industry billions of pounds if they fail to stick to a new code of conduct, according to proposals from the competition regulator.

    The Competition and Markets Authority (CMA), which will host the new dedicated Digital Markets Unit (DMU), has advised the government that the new regulator must have the power to impose huge fines as a final “backstop” or it will be unable to ensure tech companies abide by the new rules, which are designed to create a fairer market for smaller rivals, newspaper and magazine publishers, and consumers.

    Related: New UK tech regulator to limit power of Google and Facebook

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 12/04/20: Recorded Event: Corporate Governance 2020 Balancing ESG, Sustainability and Growth
    Eco-friendly, socially conscious and pro-governance investments have been hailed recently with a surge in focus on ESG initiatives, but sustainability and profitability don’t always go hand in hand. The Deal and a roster of senior corporate executives, institutional investors, and corporate advisers explored how companies are shifting their focus to more sustainable practices, stronger ESG initiatives and […] - Source: Cooley M&A
  • 12/02/20: Canadian security firm GardaWorld raises G4S takeover offer to £3.7bn

    Investors have two weeks to decide whether to accept final offer of 235p a share in cash

    A Canadian security firm has increased its takeover offer for the UK outsourcing group G4S to £3.68bn in a final bid for its larger rival.

    GardaWorld said it would pay 235p a share in cash, up 24% from its previous 190p-a-share offer, which would value G4S at £3bn. The Canadian firm has also reached a deal with G4S pension trustees on a £770m funding package for the pension scheme.

    Continue reading... - Source: Mergers and acquisitions | The Guardian
  • 11/25/20: Americas Antitrust Review 2021
    Covid-19 has made 2020 into a year like no other with ‘stay at home’ orders and working from home the new normal. Nonetheless, the tech and pharma industries continued to attract immense antitrust scrutiny, with daily reports in the media and pressure from politicians to address what some perceive to be anticompetitive mergers by digital […] - Source: Cooley M&A
  • 11/25/20: IRS Releases Guidance on PPP Loans and Employee Retention Tax Credits
    The Internal Revenue Service (IRS) has issued several items of new guidance relating to loans under the Paycheck Protection Program (PPP), including two new FAQs addressing the interaction of PPP loans and employee retention tax credits (ERTCs) in M&A transactions, a Revenue Ruling holding that expenses funded by PPP loans that are expected to be […] - Source: Cooley M&A
  • 10/29/20: Highlights from Cooley’s M&A Dealmakers Roundtable: SPACs!
    On September 24, Cooley M&A partner, Garth Osterman, moderated a webinar on the current trend in going public: SPACs! Dave Peinsipp, co-chair of Cooley’s capital markets practice group and Rama Padmanabhan, a Cooley M&A partner participated in the webinar which focused on the current wave of SPAC activity and how it compares to prior iterations, […] - Source: Cooley M&A
  • 10/13/20: DOJ Issues Merger Remedies Manual as Both DOJ and FTC Step Up Efforts to Enforce Consent Decrees
    The U.S. Department of Justice (DOJ) Antitrust Division issued a new Merger Remedies Manual on September 3, clarifying the analytical framework it is using to evaluate remedies that may address competitive harms stemming from proposed mergers and acquisitions, as well as from consummated mergers. In announcing the modernized Manual, Assistant Attorney General Makan Delrahim said […] - Source: Cooley M&A
  • 10/05/20: SBA Issues Guidance for Borrower Changes of Ownership
    Over the last few months, dealmakers have worked creatively in M&A transactions to give borrowers of PPP loans the benefit of their bargain with the government—forgiveness of the loan—rather than treat the PPP loan as outstanding debt requiring discharge at closing (which would typically result in a further reduction in the purchase price). One piece of […] - Source: Cooley M&A

 

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