Bass, Berry & Sims attorney Tatjana Paterno served as a chair of the American Bar Association’s (ABA) 2021 Private Target Deal Points Study, the preeminent study of mergers and acquisitions (M&A) transactions, widely utilized by practitioners, investment bankers, corporate development teams, and other advisors. The Study was released by the ABA’s Market Trends Subcommittee of the Business Law Section’s M&A Committee.
“I am very excited about the Study,” said Tatjana. “As in the past, we had a team of over 50 senior attorneys at top law firms and two in-house attorneys, one at Bristol-Myers Squibb Company and another one at Backcountry.com LLC. The team carefully summarized various deal points in over 120 publicly available acquisitions agreements. Because of this careful and detailed approach, the Study is viewed by many M&A practitioners as the gold standard for market metrics.”
Tatjana and fellow chair Jessica Pearlman of K&L Gates led the working group that published the Study. The 2021 iteration of the Private Target Deal Points Study analyzes publicly available definitive acquisition agreements for transactions executed and/or completed during 2020 and the first quarter of 2021.
The transactions analyzed in the latest Private Target Deal Points Study were in the middle market, with purchase prices ranging between $30 million and $750 million; purchase prices for most deals in the data pool were below $200 million.
Additional information about the Study can be found here or by contacting Tatjana. For more information about the Study, there will be an “In the Know” webinar, during which the chairs and issue group leaders will provide analysis and key takeaways from the Study – details on date and time for the webinar will be announced soon.