Finance & Commerce and Minnesota Lawyer Summarize M&A Deal Trends From Steven Kennedy and Ryan Miske

Finance & Commerce and Minnesota Lawyer shared takeaways from Faegre Drinker’s 2022 M&A Conference in Minneapolis, including insights from corporate partner and Minneapolis office leader Steven Kennedy. Corporate partner and conference co-chair Ryan Miske moderated the panel titled “Current Trends in M&A Deal: Terms and Tactics.”

During the panel, Kennedy pointed to increased due diligence as a factor in the market’s sluggish recent history. “There have always been risk areas, but sellers are now almost putting themselves in the shoes of prospective buyers,” he said. “They’re seeing regulatory factors to be careful about that they previously might not have had to pay so much attention to.”

Kennedy also advised sellers to do anything they could to minimize risk for prospective buyers. “You’re in the consumer business,” he said. “Do a brand study, or really anything you can to think through what a buyer might want or need. You’ll never get it perfect, but you have to make the effort.”

The full article is available for Finance & Commerce and Minnesota Lawyer subscribers.