Current Tech M&A Trends and Outlook
9:00 am - 10:00 am
Panelists will discuss the reasons for another strong year for M&A.
Per Thomson Reuters, worldwide M&A activity during 1H '18 increased 61% compared to the first half of 2017. Local tech M&A is on pace to exceed last year's torrid levels.
-Hot deal segments include technology (including chips/software, cloud/SAAS, gaming, FinTech (including blockchain, virtual currency and online payments), security/cybersecurity, AI, machine learning, autonomous vehicles) and life sciences/digital health/healthcar
-Deal drivers include attractive debt/equity markets, sector consolidation, cross-sector and cross- border activity, the need to transform business models to remain competitive despite technology disruption, stockholder receptivity to transformative M&A, continuing divestiture activity, tax reform and stockholder activism, all driving substantial serial acquirer activity. We are now seeing "Unicorns" as both sellers (GitHub) and buyers (Katerra).
David W. Healy, Partner & Co-Chair, Mergers & Acquisitions Group, Fenwick & West LLP
Saswat Bohidar, Associate General Counsel, M&A and Ventures, Hewlett Packard Enterprise
Jorge A. del Calvo, Partner, Pillsbury Winthrop Shaw Pittman LLP
Taylor Henricks, Head of West Coast Software M&A, Morgan Stanley
Mark Legaspi, Senior Managing Counsel, Intel Corporation
Colin Ryan, Managing Director, Goldman Sachs
What do you expect to discuss during your panel?
We will be discussing factors driving M&A including favorable equity and IPO markets, high market valuations, favorable reception to deal announcements, technology trends, tax drivers, and sector consolidation as compared to M&A headwinds such as regulatory concerns. Views of large serial acquirors will be discussed. The possibility of using Rep and Warranty insurance to address buyer demands for fundamental IP and tax reps not capped at escrow will also be discussed.
How will this discussion benefit practitioners?
This discussion will help companies and practioners understand high level issues that may affect their deals and deal flow and thus their negotiating tactics and leverage.
How will this panel discussion differ from other speaking events on this topic?
This panel includes 2 top investment bankers, top outside M&A counsel and top in house M&A counsel, bringing a unique perspective to deal trends and dealmaking.
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