Deal value in the third quarter was up 98 percent from the second quarter, according to updated data from Refinitiv. “Dealmaking strongly rebounded far earlier than expectations,” says Matt Toole, director of deals intelligence.
"With interest rates where they currently are and other investment opportunities less attractive in the current environment, investors are putting their cash in a product that guarantees their money back," says Reed Smith partner Ari Edelman in this Q&A.
BC Partners, which just three years earlier had saddled PetSmart with billions of dollars of debt to acquire Chewy, approached investors with a simple pitch: focus on services, such as grooming and training, that made the business resilient to online competitors.
November 03, 2020
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