The Litera Annual M&A Report analyzes the past year. It was a year of two halves, with the second half rebounding after the initial uncertainty of the pandemic outbreak. Momentum has continued well into 2021 despite significant change and disruption to all industries and across society.
The Report, powered by PitchBook data, concludes that the current market is very competitive due to several factors: low-interest rates, a stock market rebound, and stockpiles of private capital – all of which increases pressure, urgency, and risk levels for corporate lawyers.
There is significant pressure to get deals over the line, but dealmakers need to be mindful of the risk of overpaying.