CMS European M&A Study 2014

Pur­chase price cer­tainty in­creas­ing in European M&A

18/03/2014

In a review of more than 2,000 deals done between 2007-2013, CMS’ sixth annual M&A Study shows that the decline in the use of purchase price adjustments in M&A deals in Europe continued throughout 2013, with fewer than half of all deals containing this type of provision. In the US, however, there was a growing trend in the opposite direction, with over 85% of deals containing purchase price adjustment clauses.

The Study looks at deal points that are usually heavily negotiated in M&A deals, including MAC (material adverse change) clauses, purchase price adjustments and warranties. The data is broken down by regions in Europe and provides quantitative and qualitative analysis of the trends in the UK, German-speaking countries, France, Benelux, Southern Europe and Central and Eastern Europe. Where there are significant differences with M&A deal terms in the US, comparisons between Europe and the US are included.

Please get in touch with Rupert Hartzhauser ([email protected]) to request a copy of the Study, or speak to one of our experts. We can slice and dice the data to make the findings of our analysis highly relevant to your own M&A situation.

Authors

Picture of Peter Huber
Peter Huber
Partner
Vienna
Picture of Günther Hanslik
Günther Hanslik
Partner
Vienna
Picture of Gregor Famira
Gregor Famira
Partner
Vienna
Picture of Johannes Reich Rohrwig
Johannes Reich-Rohrwig
Partner
Vienna
Picture of Alexander Rakosi
Alexander Rakosi
Partner
Vienna
Picture of Rainer Wachter
Rainer Wachter
Partner
Vienna
Picture of Sibylle Novak
Sibylle Novak
Partner
Vienna
Picture of Johannes Trenkwalder
Johannes Trenkwalder
Partner
Vienna
Picture of Andreas Göller
Andreas Göller
Attorney-at-Law
Vienna
Picture of Clemens Grossmayer
Clemens Grossmayer
Partner
Vienna
Picture of Daniel Kocab
Daniel Kocab
Associate
Vienna
Picture of Anna Konopka
Anna Konopka
Attorney-at-Law
Vienna
Picture of Kai Ruckelshausen
Kai Ruckelshausen
Attorney-at-Law
Vienna
Picture of Eva Voegerl
Eva-Maria Vögerl
Associate
Vienna
Picture of Ioanna Ovadias
Ioanna Ovadias
Attorney-at-Law
Vienna
Picture of Oliver Werner
Oliver Werner
Attorney-at-Law
Vienna
Picture of Anna Wieser
Anna Wieser
Attorney-at-Law
Vienna
Picture of Dieter Zandler
Dieter Zandler
Partner
Vienna
Picture of Mathias Strasser
Mathias Strasser
Partner
Vienna
Picture of Aakriti Chandihok
Aakriti Chandihok
Associate
Vienna
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