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Dealcloser Blog Roundup November 7
This week features automotive M&A, cross-border tax inversions. baby boomer news, hedge fund penetrations and more.
10 November 2014
Welcome to your guide on the most interesting M&A, corporate development, alternative investments and debt capital markets news and events.
Because you can’t follow all of the dealmaking updates, we do it for you. Each week we will share the top stories featured on our blog to catch you up to speed. Check these out …
- The international automotive industry is a hot place for deals, says the Detroit Free Press. In fact, in the first six months of 2014, there were 250 mergers and acquisitions totaling around $27.6 billion — this is the highest deal value in seven years. The current jump also represents a 13 percent uptick up in deal frequency over the first half of 2013.
- For acquisitions, the best may be yet to come in the next decade, as baby boomers sell off their businesses and retire, says a guest columnist in the Birmingham Business Journal. The boomers own, in total, some 12 million businesses — 70 percent of these companies will go to the auction block, instead of to successors. By 2029, there will be more than 378,000 businesses that will go on sale, in addition to the current 24,000 enterprises on the market. To say the least, buyers will be at a premium.
- We’ve heard plenty about cross-border tax inversions and how the government has moved to close the loopholes that enable them. However, the turn of the regulatory M&A thumbscrews may not be entirely a bad thing, says a Reuters article. Dealmakers (especially those in health care) will think U.S.-based transactions, instead.
- Hackers are looking at the under-protected networks of hedge funds and seeing dollar signs. In fact, in the past two years, criminals have conducted multiple hedge fund penetrations. Don’t join that club: Read about the dangers.
- And for those of you who might be thinking of selling your company, but are headed for bankruptcy, there are steps you can take to do a turnaround and improve your firm’s attractiveness to buyers. Yoav M. Cohen, Managing Partner of NYC Advisors LLC, shares concrete steps you can follow to avoid bankruptcy and fix your company.
Marc Songini has worked in the information technology field for more than 16 years. His roles have included those of journalist, analyst, and marketing communications specialist. He admits that when he started out as a cub high tech reporter, Netscape was still rocking the industry with a wondrous new user interface called a “browser.” During his 10 years with International Data Group (IDG), Marc wrote for NetworkWorld and Computerworld, both award-winning magazines. Marc specializes in cloud, enterprise apps, and figuring out the meaning of being human in an automated world.