Companies close 109 deals in 2020 & private equity firms (barely) lead the way
For our annual mergers and acquisitions special report, we’ve tracked over 100 deals that closed during calendar year 2020.
The 109 transactions that closed last year are down from the 119 that closed in 2019, but still significantly higher than the 80 completed in 2018.
We’ve witnessed an extraordinary pace of acquisitions in the past two full years and in looking at the deals so far this year, it seems that the extraordinary might just become the ordinary.
As we look at these deals, we see common themes. Companies continue to buy companies for access to customers and contracts, the need to add critical capabilities to build portfolios, and scale still counts, but often as a strategic play.
Monday, March 8, 2021
Last week, Geisinger Health (“Geisinger”) and Evangelical Community Hospital (“Evangelical”) reached a settlement agreement with the Department of Justice (“DOJ”), resolving the DOJ’s ongoing litigation challenging Geisinger’s partial acquisition of Evangelical. Notably, the settlement agreement, among other terms, limits Geisinger’s ownership interest in Evangelical to a 7.5% passive investment and prevents Geisinger from exercising any control or influence over Evangelical. When the DOJ’s suit was first announced, we discussed it in depth here.
The settlement agreement is a significant downsize from the partial-acquisition agreement: Geisinger was to acquire a 30% interest in Evangelical in exchange for a $100 million pledge for Evangelical’s investment projects and IP licensing. Additionally, Geisinger was to receive rights of first offer and first refusal with respect to any future joint venture, competitively significant
SLA sells Parmenion to private equity firm Preservation Capital Partners for £102m
£8bn AUA
Adviser platform Parmenion has been bought by private equity firm Preservation Capital Partners for £102m after being put up for sale by Standard Life Aberdeen (SLA).
It was revealed in November by SLA CEO Stephen Bird that he intended to auction off the platform business, which administrates £8bn for 2,500 advisers and 68,000 clients, and keep its other, larger adviser platform propositions Wrap and Elevate.
The sale comes as part of Bird s ongoing plans to simplify SLA s structure, which he has been vocal about since taking over the firm.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Falcon Reports Regulatory Acceptance of Purchase of Gaspard Gold Claims & Corrects Qualified Person
March 9, 2021 GMT
VANCOUVER, BC / ACCESSWIRE / March 9, 2021 / FALCON GOLD CORP. (TSX-V:FG), (GR:3FA), (OTC PINK:FGLDF); (“Falcon” or the “Company”) is pleased to report the TSX Venture Exchange has accepted and approved the purchase of the Gaspard Gold Claims located in central BC.
In addition, Falcon wishes to amend its February 3rd, 2021 announcement of the Gaspard Gold Claims agreement. Falcon had the technical content of the news release reviewed by William Yeoman, P. Geo., where Mr. Yeoman was also the Gaspard vendor. Dr. Daniel Rubiolo, P. Geo, has agreed to act as the Qualified Person for this restated news release.