Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms on their most important mergers, acquisitions and takeover transactions.
Jim Langston Notes Upswing in Take-Private Deals Amid Thriving Private Credit Market in Bloomberg Law
October 2, 2024
Corporate partner Jim Langston was quoted in a Bloomberg Law article on the market trends responsible for driving the uptick in M&A deal activity for Big Law firms. In the article, published on October 2, Jim discusses how the upswing in take-private transactions in particular has boosted M&A activity. Sponsor-backed public companies are increasingly looking to go private if sponsors decide the companies are “mispriced” or could create “greater value in the private markets,” Jim says.
Additionally, the booming private credit market continues to offer large pools of private capital to finance transactions—often giving borrowers the opportunity to take on riskier bets than traditional banks would allow. “This cycle has been a little bit different than other M&A down cycles in that credit has been available,” Jim says, adding that “you can go to the market and get debt—it’s just more expensive than it’s been in the recent past,” which, in turn, catalyzes the value disconnect between buy and sell side.