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Next Steps For Sellers Coping With Merger Terminations

Carolyn Meade
April 2020

Charlotte Corporate Member Carolyn Meade‘s article titled, “Next Steps For Sellers Coping With Merger Terminations” was published by Law360 on April 27.

The article

The COVID-19 pandemic is having a ripple effect across private financial markets. 2019 and the opening of 2020 set records for fundraising for private equity firms, and the market for investment in, and acquisition of, private companies.

Many founder-owned companies that, not three weeks ago, were within less than a month of closing a deal have been informed by their prospective acquirers that their transactions are “on hold.” Others no longer have a deal, as investment committees and management teams reevaluate purchase price, financial covenants, and their responsibilities to existing portfolio companies and limited partners.

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