lexisnexisip.com

The crossroads of international finance and public equity deals: New trends and financing bottlenecks

14 Sep - 15 Sep 2023

Session information

The bottleneck in public securities transactions, leveraged buyouts and finance

Friday 15 September (1130 - 1300)

Description

Global M&A and, more specifically, public securities transactions and buyout activity has slowed amid a shortage of debt financing caused by rising interest rates and banks’ reluctance to open their money taps. The unprecedented geopolitical and macro-economic volatility around the world − and hawkish interest rate moves – drove up financing costs and weighed down valuations. The number of leveraged buyout deals announced worldwide has significantly dropped, while the overall value of transactions has taken a hit.
This panel will discuss how acquirers are rethinking how they pull off large deals, and the challenges they have been facing in this restrictive environment, after such a contraction in global buyout activity, as the gap between buyer and vendor pricing expectations has widened, and securing debt to finance deals has also become more challenging and expensive. The panel will also tackle the perspectives for the future, taking into account any further changes in the economy and political scenarios that may affect positively deals in the pipeline.

Session / Workshop Chair(s)

Gabriella Covino Gianni Origoni, Rome, Italy; Secretary, Corporate and M&A Law Committee
Monique Mavignier BMA Advogados, São Paulo, Brazil

Speakers

Werner Ahlers Sullivan & Cromwell LLP, New York, New York, USA
Karin Alvo KLA Advogados, São Paulo, Brazil
Michael Arnold Gleiss Lutz, Stuttgart, Germany; Treasurer, Securities Law Committee
Nanette Heide Duane Morris, New York, New York, USA; Chair, Corporate Governance and Activism Subcommittee