Private M&A: Few and far between
Back-to-School Issue: The M&A game
One of the most striking things about M&A between private companies is how very few deals there are. The dearth is especially notable given that most of these companies are incomplete business systems, or are startups in hot fields where a bit of consolidation might be helpful.
Indeed, the nature of the assets being acquired, and the lack of a market for these companies’ equity, is part of what makes