More US buyers — and more buyer-friendly deal terms — are entering the seller-friendly UK market, although the picture is increasingly nuanced. By Joshua M. Dubofsky, Sam Newhouse, Jennifer N. Cadet, and Catherine Campbell Whilst global M&A deal volumes have dipped at the start of Q1 2023, UK-bound M&A activity is expected to be one … Continue Reading
Warranty and indemnity insurance may remain a staple of European private equity, but are buyers changing course? By Neil Campbell, Tom D. Evans, Sebastian Pauls, Maximilian Platzer, David J. Walker, Edward Coates, and Catherine Campbell Warranty and indemnity (W&I) insurance has become an important component of European PE transactions in recent years. However, changing market … Continue Reading
By Richard Butterwick, Nick Cline, Robbie McLaren, Terry Charalambous, and Catherine Campbell In a complex and competitive market, minimising and mitigating risk in M&A is a key concern for deal teams. High demand for assets saw strong deal volumes and values in 2019, following a standout year in 2018. The search for opportunity has brought large corporates … Continue Reading
How can deal teams capitalise on the latest trend in the deal insurance market to improve bid success? By Tom Evans, Paul Davies, David Walker, Michael Green, Aoife McCabe, Harry Redford, Catherine Campbell, and Amy Watkins The emergence of contingent risk insurance policies, which address known risks that would otherwise be excluded from coverage under traditional W&I insurance, is … Continue Reading
By Drew Levin, Maarten Overmars, and Catherine Campbell Warranty and indemnity insurance (W&I) has become a common feature of European transactions in recent years, amid a strong sellers’ market that has enabled vendors to offload risk to buyers. According to the most recent edition of the Latham & Watkins Private M&A Market Study, which examined … Continue Reading
By Neil Campbell and Leif Schrader Warranty and indemnity (W&I) insurance products have been marketed as a “silver bullet,” which can bridge the gap between a buyer’s wish to receive proper deal protection and a seller’s aim of a clean exit. However, as the market continues to mature, insurers are becoming cautious and terms are … Continue Reading
