贝克·麦坚时：2024欧洲私有化融资指南（英文版）（45页）.pdf

1、European Take-Private Financing GuideBelgium,France,Germany,Italy,Luxembourg,The Netherlands,Poland,Spain,Sweden,Switzerland,Turkey,UK and UkrainePublic to private deals are a dominant feature of the M&A landscape.Ask any industry participant about their experience of public M&A and you are likely t

2、o elicit a range of reactions.At one end of the spectrum,successful public deals appear to offer upside for all those involved.Shareholders realise a premium,management are incentivised,investors deploy capital to unlock new opportunities and even the advisors benefit from the flurry of activity.At

3、the other end of the spectrum,public M&A remains time-consuming,resource intensive and expensive in the context of a rule-bound process with an outcome that is far from certain or controllable.A multitude of factors affect confidence in the public M&A market.Against the recent backdrop of major econ

4、omic turbulence and unsettling political events,the appetite for mergers in the UK and Europe has been improving.A rebound in activity,in the UK market in particular,benefited from relatively lower valuations in recent years.While a degree of uncertainty remains,not least of all as a large number of

5、 elections play out Welcome to the first edition of our European Take-Private Financing Guide.across the globe,investors and companies are rediscovering their confidence.Combined with ongoing demand for deployment of capital,the improving macro-economic conditions are likely to keep public M&A oppor

6、tunities in focus.At Baker McKenzie,we are a transactional powerhouse with vast experience of public M&A deals across multiple jurisdictions and legal frameworks.Our collective experience combines to provide us with deep knowledge of all facets of take-private transactions,including the role and imp