The aging of the US population and business owners, as well as the coming presidential elections, is also spurring M&A activity.
"One driver of M&A is generational. For example, there is one chemical company with sales below $50m and a CEO who is 64 and looking to find a solution," says Jean Cayanni, senior managing director and head of the chemicals practice and capital raising at US-based investment bank RSM EquiCo. "There is also uncertainty with regard to the US tax code. Some sellers want to close before the end of the year to make sure they are under the current capital gains structure."
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