Calling all Dealmakers Amid M&A Flurry
Players in the mergers and acquisitions business are frantically wrapping up deals as 2012 nears its end, several sources said. “I’ve seen both in our firm and outside, whether lawyers, business people or private equity firms, there has been an uptick, and I might even call it a significant increase,” said Mark Kirsch, an attorney with Plave Koch in Reston, Virginia.
“There’s more money than there are deals,” he said, and particularly players moving toward smaller deals they might have ignored in the past. “There are more companies that are moving down a little bit. They’re saying, if we get in early we can improve things, and then turn it around, and then there’s one more big sale” in the future.
Dennis Monroe, attorney at Monroe Moxness Berg in Minneapolis, called this year “the best market since 2007” for deals. One factor is an influx of bankers entering the market to provide debt financing to deals. “There’s a lot of refinance money, with BMO, Wells, Cadence, Regents. We’ve got so many players we didn’t have” during the financial crisis years of 2008 and 2009.
Franchise Times is seeking to highlight the boldest deals in franchising in its new Dealmakers project, and the deadline to enter is December 31. (Click on the Dealmakers logo for nominations forms.)