As the economy recovers, and the market adjusts to the new post-pandemic normal, 2021 is shaping up to be a banner year for M&A activity. Sellers of strong, well-performing middle-market businesses find themselves in a favorable position to capitalize on opportunities from well-funded buyers or strategics, while buyers are seeing a growing pool of companies starting to evaluate strategies and noncore assets.
How has the Covid-19 pandemic forced dealmakers to change their approach? How has deal sourcing changed in the wake of the Covid-19 pandemic? Are carve-outs a favorable deal type for both buyers and sellers? Will SPACs continue to play a significant role in the M&A market? Will ESG play a significant role in dealmaking?
Join The Deal and a roster of senior corporate executives, private equity and institutional investors, and corporate advisers for The Deal Economy Dallas. This full day, in-person event explores the opportunities, obstacles and risks middle-market dealmakers face in the current environment and how to navigate through them.
Over the last several years, Jacobs embarked on a strategy to strengthen their corporate culture, transform their core business and expand profitable growth through significant acquisitions and divestiture. In her role as Chief Strategy, Corporate Development and Communications Officer, Marietta Hannigan has led the development, articulation and execution of Jacobs’ brand leadership, corporate strategy and portfolio transformation.
From an investor perspective, how has the Covid-19 pandemic changed the dynamics of private equity strategies and operations, and will these changes be permanent or temporary? How did private equity managers help their portfolio companies get through the last year? What current challenges are investors seeing relating to third party support, supply chain issues and attracting and retaining talent? How is the current political environment effecting how investors are approaching new deals and exits in their portfolio companies? What are investor expectations for the rest of 2021 and beyond?
Moderator: Gabriella Villalobos, Independent Board Director and Advisor
Panelist: Damian Burke, Managing Director, Main Street Capital Corporation
Panelist: Brigid English, Senior Advisor, Firelight Capital
Panelist: Tiffany Kosch, Managing Director, CenterGate Capital
Private Equity firms are circling as they look to create value from overlooked corporate business units. Meanwhile, the pool of targets is growing for PE and strategics alike, as the pandemic has forced many corporations to look inward and assess their own operations. How has the carve-out deal changed during the pandemic? What mix of buyers are corporates seeing for carve-out transactions? How does PE differentiate itself in a process for a carve-out asset?
Moderator: Tom Terrarosa, Senior Editor, The Deal
Panelist: Dodie Butler, Board Chair and Board Member, Thomas Crown, Inc.
Panelist: Jay Desai, Partner, Kainos Capital
Panelist: Adam Shulman, Vice President and Deputy General Counsel – Acetyl Chain and Business Strategy & Development, Celanese Corporation
SPACs (Special Purpose Acquisition Companies) are shell companies created for the sole purpose of taking a private company public and have been playing a significant role in the M&A market, as capital flows at a staggering rate into these “blank check” companies. For sellers, SPACs expand the investor pool and provide a way to access capital that otherwise might not have been available and may be more desirable than an outright sale to another corporate or PE buyer. Will we see the SPAC frenzy continue, and what nuances do investors and companies need to be aware of?
Moderator: David Marcus, Senior Writer, The Deal
Panelist: Thomas Laughlin, Partner, Kirkland & Ellis
Panelist: Scott Leonard, CEO and Director, Sustainable Opportunities Acquisition Corp.
Panelist: Dan Swift, Partner, Redbird Capital Partners
Over the last several years, Jacobs embarked on a strategy to strengthen their corporate culture, transform their core business and expand profitable growth through significant acquisitions and divestiture. In her role as Chief Strategy, Corporate Development and Communications Officer, Marietta Hannigan has led the development, articulation and execution of Jacobs’ brand leadership, corporate strategy and portfolio transformation. Ms. Hannigan will discuss what the company is doing around ESG initiatives, explore their sustainability strategy and examine how they have created a more positive work environment through diversity and inclusion and unique employee programs.
Interviewer: Tom Terrarosa, Senior Editor, The Deal
The recovery of M&A activity toward the end of 2020 continues to accelerate in 2021, and as valuations remain high, we see targets coming from a growing pool of sellers. Paused deals have re-emerged, private equity still has record amounts of dry powder to deploy, and companies that were hit hard during the pandemic are reassessing strategies and noncore assets. What sectors will see opportunity during the recovery? What obstacles may affect deal flow? How will the new presidential administration’s laws and regulations on tax and trade change the landscape? What role will M&A play in the overall global economic recovery?
Moderator: Tom Harris, Partner, Haynes and Boone
Panelist: Ross Gatlin, CEO & Managing Partner, Prophet Equity
Panelist: Barrett Lidji, Partner, Northaven Capital Partners
Panelist: Jack Sadden, Partner, Valesco Industries
Planning for an effective post-acquisition integration should begin before Day 1, as many of the challenges for a buyer only start when the deal closes. In this panel, we will discuss some of the key planning considerations and practical tips that can help ensure an effective post-acquisition integration. From leveraging the deal due diligence to take into account integration goals, assembling a cross-functional and tailored post-acquisition integration team, to being mindful of the foreign complexities that may affect implementation and timing, our panelist will discuss, from a broad perspective, a number of crucial integration planning steps that will help companies ensure the long-term success of an acquisition.
Moderator: David Marcus, Senior Writer, The Deal
Panelist: Jorge Gonzalez, Partner, Baker McKenzie
Panelist: Gina Sandon, Director, Corporate Development, Global Merger & Acquisition Synergy, IBM
Panelist: Brian Reed, Partner, Transaction Advisory Services, Weaver
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In September 2022, the deals and dealmakers shaping the Deal Economy will be celebrated in the latest installment of The Deal Awards. In line with its mission of providing forward-looking intelligence across mergers and acquisitions, private equity, activism and restructuring, the Awards seek to recognize and celebrate the advisers, firms and banks driving the market forward.