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After 14 acquisitions since 2021, CEO Rob Mackay says the PE-backed regtech company is aiming for at least two more deals annually as it scales in the U.S. market.
Illinois moves to tighten oversight of law firm MSOs, but middle-market dealmakers say well-structured transactions should continue to attract private equity.
To close valuation gaps, sponsors are turning more often to hybrid capital stacks with waterfalls, sponsor overhang, and various preferred stock structures.