CMS publishes 6th European M&A Study

A feature of M&A deals in Europe in 2013 was that more than half of all deals had a fixed purchase price without scope for adjustment. In the US, however, there was a growing trend in the opposite direction, with over 85% of deals containing purchase price adjustment clauses. This variation of approach highlights just one of the continuing differences between European and US practice.

This is one of the conclusions of the sixth annual European M&A study by CMS, Europe’s largest legal services organisation. CMS reviewed over 2,000 non-listed public and private company deals it completed in Europe between 2007-2013. CMS conducted 344 European deals in 2013.