Back to News
Mergers & Acquisitions

Drinks With The Deal: Jones Day's Vica Irani

Published: March 11th, 2021
The market in Europe has held up surprisingly well over the past year, Vica Irani, head of EMEA M&A at Jones Day, said on the latest episode of the podcast.

For all of the challenges of Covid-19, “We haven’t had to fundamentally redo the way we do deals,” said Vica Irani, who heads Jones Day’s M&A practice for Europe, the Middle East and Asia, on this week’s Drinks With The Deal Podcast.

“Even the deals that were already papered have held up remarkably well. There have been some changes around the edges,” she said. “There has been a great deal of thought about what ‘ordinary course’ means, what carve-outs are appropriate to deal with Covid-19, and what force majeure provisions look like. But by and large, the agreements themselves have held up.”

Dealmakers in the U.K. and Europe confronted the pandemic after almost four years of managing the uncertainty created by Brexit, she said, which placed an even greater premium on due diligence and led to an increase in arbitration provisions.

Buyers and sellers have also had to manage the possibility that more countries will allow for greater government oversight of M&A transactions. All of that has led to “an increased focus on execution certainly, she said, though “the process is still super-competitive for quality assets. Deals are still being done quickly. The deal environment and the competitive tension have held up well.”

More podcasts from The Deal are available on iTunesSpotify and on

More From Mergers & Acquisitions

Mergers & Acquisitions

Drinks With The Deal: Mayer Brown's David Carpenter

By David Marcus
Published: April 15th, 2021
Carpenter, the co-head of Mayer Brown's New York corporate and securities practice, talks about his work for Nestlé, his love of wine and his involvement with SommTV in the latest episode of the podcast.
Mergers & Acquisitions

SPAC Offerings, Mergers Hit Fresh Records

By Bill Meagher
Published: April 6th, 2021
Blank check companies raised a total of $87 billion during the first quarter as eager retail investors line up and sponsors get more creative with their offering structures.