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Jason Villalba Guest Column in Law360: The M&A Outlook For 2010
The M&A Outlook For 2010
Law360, New York
Now is the winter of our discontent
Made glorious summer by this sun of York;
And all the clouds that lour'd upon our house
In the deep bosom of the ocean buried.
— Richard III
After toiling in the barren landscape of the financial sector for the last two years, M&A specialists are searching for any signs, however faint, that life exists within the frozen tundra that is our economy.
And while no one can be certain what the immediate or long-term future holds for mergers and acquisitions activity, there are unquestionably some tender green shoots emerging from the soil that give us hope that the tide is indeed turning.
The economic downturn has adversely affected almost everyone in the financial services industry. Company sellers and M&A specialists (including investment advisers, hedge fund managers, private equity funds managers, lawyers and accountants) have been hit especially hard.
As the credit markets began to lock up in mid-2007, the lack of debt capital severely restricted the financial investor’s ability to obtain the necessary returns on their acquisition investments.
This article is excerpted from Law 360. To read the full text, please click on the PDF link below.