Favored creative M&A deal structures in the U.S. 2021

When selected U.S. corporates and equity firms were asked in a November 2020 survey to cite their favored creative merger and acquisition (M&A) deal structures for 2021, the majority of respondents stated this would be joint ventures or minority investments. Almost 60 percent of total respondents cited that special purpose acquisition companies (SPACs) - either forming a SPAC or entering into a business combination with a SPAC - were their favored post-pandemic creative M&A deal structures. The top three was completed by 58 percent of the respondents, who cited that their favored creative M&A deal structures after the COVID-19 crisis were private investment in public entity deals (PIPE deals).