by Sharon Geraghty, Richard Willoughby and Philip Brown of Torys LLP, 1/17/2008
During the first half of 2007, merger and acquisition activity continued at record levels, fuelled by the availability of financing on favourable terms. However, the "credit crunch" that began in the summer of 2007 ended what had been an unusual string of private equity-led and highly levered mega-deals. The continuing turmoil in the credit markets will be a key factor affecting M&A in 2008. How does this effect PE and Venture funds?
Torys' M&A lawyers are looking ahead to 2008, and here's what they see.