Recent Insights

M&A Explorer | Tech valuations fell through the second half 2022 and M&A in the sector shifted gears producing a rise in lower-value deals, particularly among private equity (PE) firms. That trend continued in Q1 2023

M&A Explorer | Aggregate global buyout value dipped sharply in the second half of 2022 reverting to pre-pandemic levels—the first three months of 2023, however, have seen an uptick in volume

Europe is turning towards metals recycling as a core component of an industrial hedging strategy around decarbonisation, reshaping its energy security in the process. 

M&A Explorer | Against the odds, dealmakers put in a solid performance in 2022, but this year has seen a slow start as buyers in the US M&A market clamor for much needed regulatory clarity

Welcome to the White & Case US SPACs Data Hub, which provides a quarterly review and analysis of key drivers and trends behind US SPAC IPO and de-SPAC activity.

M&A Explorer | After a year-long pause, US buyers are showing renewed interest in European assets, and analysts predict an M&A shopping spree in Europe over the second half of 2023 and beyond

Inflation concerns, rising interest rates and the specter of war cast a more sober tone over equity markets in 2022 and through Q1 2023, throttling appetite for IPOs in most regions—but not all

Last year was a volatile 12 months for the tech sector, with a steep sell-off in growth stocks and a drop in IPOs—but, although the sector was down, it was by no means out

No region demonstrated more resilience than APAC in 2022, with the largest deal globally, the greatest total IPO value and volume, and the smallest year-on-year declines

The US Securities and Exchange Commission has plans to regulate SPACs more closely and mandate ESG reporting—sponsors and companies should pay close attention

Recent months have been exceptionally quiet, especially for the North American and EMEA IPO markets, as the bears have taken the upper hand—and investors and issuers are now hoping for a more active second half in 2023

Global IPO markets faced unexpected headwinds in 2022, prompting some to postpone their deals until the dust settles, but the market remains resilient

A range of contractual, legal and external factors come into play when it’s time to end one of these arrangements

Debt Explorer | As leveraged loan markets have been impacted by a challenging macroeconomic environment, private equity sponsors are sharpening their focus on flexibility in their portfolio companies’ loan documents.

Debt Explorer | The macroeconomic headwinds that buffeted European debt markets in 2022—from rising interest rates to volatile geopolitics and a tightening of financial markets—continue to weigh on activity in 2023

Following a busy 2022, a range of factors will likely influence activist campaigns during 2023 

A guide to navigating the rules for investing in countries that require foreign direct investment approval.

Although the issuances of sustainability-linked bonds declined by more than a third in 2022, government focus on delivering net-zero carbon emissions and companies and investors prioritizing ESG bode well for long-term SLBs prospects

Debt Explorer | Private debt managers seized the opportunity to win market share in 2022 as leveraged loan and high yield bond activity slowed—moving into 2023, private debt players remain open for business, but mainly on their terms

Debt Explorer | Although ESG and green debt activity in Asia may have slowed somewhat in 2022, it is now an established feature of the market

Small modular reactors can play an integral part in the energy transition and offer a solution without many of the drawbacks of its larger predecessors. Yet, there are challenges to overcome.

M&A Explorer | The ongoing and rapid digitalization of economic and social activity in the region make data centers and fiber networks some of the most highly sought-after assets

M&A Explorer | The industry’s deal rally in Q4 2022 sets the stage for a strong year ahead

M&A Explorer | French deal volume in 2022 remained at historic levels, even while deal values dipped in the final quarter of the year

White & Case Antitrust/Competition Differentiator known for predicting legal trends before they enter the mainstream, while also analyzing whether or not that trend is relevant to your business.

Debt Explorer | Economic headwinds proved challenging for leveraged finance markets in Asia-Pacific in 2022, but rising issuance beyond the core Chinese market cushioned the impact of global macro dislocation. 

Debt Explorer | The US leveraged finance market ended 2022 in the red, as inflation and rising interest rates put the brakes on issuance  

M&A Explorer | The need for timely and sustainable delivery is buoying demand for everything from logistics outsourcing to drone drop-off services

M&A Explorer | Corporate deals in the region proved to be more resilient than private equity (PE) as financing costs rose, with exits showing weakness

European leveraged finance markets paused for breath in 2022, due to rising interest rates, volatile geopolitics and a tightening of financial markets across the board—but what can we expect in 2023?

M&A Explorer | One of Southeast Asia's most promising economies is becoming an increasingly compelling destination for deals

M&A Explorer | M&A deal value falls by more than a third as dealmakers around the world hit the brakes in a volatile year

Despite a strong start to the year, deal activity in the US faced new challenges in 2022 as headwinds gathered.

Lenders, borrowers and advisers are hopeful that Spain’s 2022 overhaul of its restructuring and insolvency regime will improve the country’s restructuring landscape

Activity within Brazil’s energy sector—particularly renewables—along with international interest in telco and software have been key deal drivers

White & Case's Global Antitrust Merger StatPak (WAMS) is a resource providing information on merger control filing activity by competition authorities around the world. The WAMS survey currently includes filing data from 87 of the most active merger control jurisdictions in the world.

M&A Explorer | Private equity (PE) deal activity shrinks as buyer and vendor pricing expectations widen and rising interest rates drive significant tightening in acquisition finance markets

M&A Explorer | Dealmaking in the pharma, medical and biotech (PMB) subsectors was driven by both old and new market trends in 2022

Geopolitical risks and inflationary pressures may have overtaken ESG as the top concerns for the mining & metals sector, but there is little expectation that ESG factors will diminish for investors and firms in 2023.

Australia, Brazil, Saudi Arabia, and Turkey See Significant Surge in Merger Filing Activity; US and EU Merger Filing Activity is Down Compared to 2021's Record Levels, But Still Above Historical Levels