Foley & Lardner LLP Partner Louis Lehot is quoted in the Of Counsel article “What’s Hot in 2023: Projection of Emerging and/or Growing Practices and Trends,” discussing M&A forecasts for 2023.
“One area where there could be a spike in 2023 is mergers among private tech companies,” Lehot said. “This could be particularly true for those startups that had to alter their IPO plans. These companies are likely exploring alternative exit strategies and decreased valuations and will make mergers in this space more attractive.”
Lehot added that the fintech industry could experience a hike in M&A activity this year as well. “This has been an area that has seen steep drops in valuations and a roller coaster [in 2022]. These factors could make it a prime area for mergers and some large transactions,” he explained.
