Hosted at The University of Chicago Gleacher Center, the conference was designed to provide corporate executives, directors, and private equity investors with practical information and perspective on the latest strategies and considerations in the structuring and execution of complex corporate transactions.
FRA’s Mark Gonzalez, Director of Business Development in FRA’s Washington DC office, represented FRA at the conference in March. The agenda was rich with topics covering strategic alternatives, negotiating deal terms, M&A tax planning, capital considerations, responding to Material Adverse Changes, economic outlooks and why some transactions fail (or succeed).
Key insights from the conference included:
- No near-term end in sight for the all-time high valuation multiples being experienced
- Short-term effects of revisions to the tax code will remain ambiguous for some time to come
- 2017 saw as much as a 13% rise in the writing of Representations and Warranties Insurance policies in the Middle Market M&A space
- Predictions of significant market adjustments are unlikely to occur for at least 18-24 months according to panelists
- When Material Adverse Changes occur, transparency can help to abate significant deal accommodations
Mark Gonzalez, Director of Business Development