On July 7, 2020, Rebecca Newman, Karen Hermann, and Scott Rissmiller published “How to Complete Distressed Deals in Uncertain Times” in Capital Mergers & Acquisitions. The following is an excerpt:
Coming into 2020, the U.S. M&A market was robust and the general consensus was that 2020 would be another year of significant M&A activity. Half-way through the year, it is clear that the market uncertainties caused by the Covid-19 pandemic have resulted in a noticeable downturn in M&A activity, whether measured by volume or by number of transactions. When and how the market will recover to its pre-Covid levels is anyone’s guess, but in the meantime, we expect to see more distressed M&A transactions.