Business Deals Are Up Close and Personal Again, and They’re Everywhere
With pandemic shut downs lifting, buyers and sellers of companies are furiously working deals, writes Joseph N. DiStefano for The Philadelphia Inquirer.
Private company investors are cashing out old assets at record levels, raising cash for new deals.
And they’re closing those deals in person.
“There’s a lot of capital right now,” as well as “a lot of people who want to meet one on one” after a year of canceled investment-industry events and long-distance Zoom calls, said Anne Vazquez, a general partner at NewSpring Capital in Radnor.
Surging stock-market values earlier this year raised the value of non-public firms, fueling a lot of the activity.
Vazquez, a Main Line native, handles funding for mid-size mergers and acquisitions.
She’s also the new president of the Philadelphia area’s chapter of the Association for Corporate Growth, an organization for deal makers with 600 area members.
The group switched from days-long M & A East conferences to virtual events once COVID-19 hit. This year, M&A East is back with a “vaccination-only” event Oct. 26 for would-be investors and companies seeking financing.
The event, at the Philadelphia Convention Center, is sold out.
Read more at The Philadelphia Inquirer about the return of in-person deal-making amid record activity.
Here are the 15 biggest business deals in history.
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