Recording and presentation: M&A and COVID-19: From stress to distressed

During this webinar, Nexia international TRI and M&A experts from Brazil, the United States and Germany, speak about distressed M&A, a key part of many successful restructuring and turnaround situations.

COVID-19 caused dramatic shifts in the M&A market in 2020, as distressed M&A transactions went from 7% of all transactions pre-Covid to 30% at the end of April 2020 (source: Datasite ). Now both types of M&A activity – strategic and distressed – continue at higher levels than before COVID-19.

This webinar looks at distressed M&A case studies and includes a panel discussion, that dives into best practice and the specific characteristics and differences of strategic and distressed M&A.

Case studies:

• Jeff Manning, Partner at CohnReznick Capital, USA presents on NJOY, one of the largest independent US distributors of e-cigarettes and the first e-cigarette company to file for bankruptcy in the USA with liabilities of $63.9 million at filing. He covers how CohnReznick Capital provided strategic advice and valuation expertise, resulting in a successful sale and optimal returns for investors.
• Paulo J. Carvalho, Managing Partner, and Rainer Koellgen, Senior Advisor, from Nexia member firm PP&C in Sao Paulo, Brazil present on how what started as a smooth strategic transaction from a multi-billion dollar agrobusiness player turned into a more roller coaster M&A process during COVID-19!
• Andre Laner from Ebner Stolz, Germany describes a carve-out and sale, of a loss-making division of a large, globally active supplier of parts for the automotive and railway industries. The transaction involved activities in Germany, the US and several other countries and approx.. 500 employees. Buyer was a private equity fund.

Our expert panel:

Find out about the COVID impact on M&A during this 20 minute panel session chaired by Rainer Koellgen, with panellists Jeff Manning, Paulo Carvalho and Andre Laner as they speak about some best practices for distressed M&A and the differences between regular and distressed M&A.

If you have any questions about this webinar, please contact Samantha Trivino at Samantha.Trivino@smithandwilliamson.com or Laura Maestro at laura.maestro@nexia.com.