M&A Activity in 2018: What Are We Seeing and Why?

Date / Time

Venue

This is a virtual event, accessible on-line and over phone. Access instructions will be provided after registration.

Description

This is a complimentary program presented with CohnReznick.

Heading into 2018, there was a high level of uncertainty regarding the impact of the Tax Cuts and Jobs Act on M&A transaction activity. Additionally, market changes, economic conditions and global political issues have further affected deal activity.  As the first half concludes, where is the M&A market today? What does the going forward landscape looking like?    This 60-minute complimentary webinar will offer a mid-year review of the U.S. merger and acquisition landscape and some of the factors influencing the marketplace.

In reviewing trends and developments, Bloomberg Tax and CohnReznick will provide insight on:  

• Current market trends impacting various industries
• Key global developments that may impact risk assessment.
• The impact of the Tax Cuts and Jobs Act on deal structure, reporting obligations and inbound M&A activity

Educational Objectives:

• Recognize the key differences between domestic and international M&A activity
• Gain immediate insights into compliance requirements
• Understand how the TCJA is impacting deal modeling and tax diligence.
• Inform your M&A strategic thinking with full knowledge of the tax consequences

Who would benefit most from attending this program?

Executives, business leaders, in-house & outside counsel, tax & finance professionals, and investment bankers advising on or working with mergers and acquisitions.

Presenters

Jeremy Swan
  • Managing Principal, Financial Sponsors & Financial Services Industry
  • CohnReznick

Jeremy Swan, based in New York, is the National Director of CohnReznick's Financial Sponsors & Financial Services Industry practice and also leads the efforts of the Firm's M&A Consulting Services practice. Jeremy is responsible for management of CohnReznick's Financial Sponsors and Financial Services Industry practice which includes all work conducted at the firm level, fund level, and across portfolio companies. Jeremy serves as the lead and/or relationship partner for many of CohnReznick's largest private equity firm and portfolio company engagements, managing teams across service lines and maintaining a single point of contact at the private equity firm level.

With more than 20 years of experience advising financial sponsors and emerging private and large, multinational portfolio companies, Jeremy has extensive experience working with financial sponsors as both an investment banker and a consultant. He has expertise in mergers and acquisitions, IPO readiness, financing transactions, post-acquisition integration, and operational and financial due diligence.

Prior to joining CohnReznick, Jeremy was a director at a global business consulting firm and a leader in the firm's private equity, due diligence, and IPO readiness practices. Before entering consulting, Jeremy spent 10 years as an investment banker focused on financial sponsor transactions, executing over $90 billion of debt, equity, and M&A transactions.

Jeff Marks
  • Managing Director, Corporate Finance Advisory
  • JP Morgan

Jeff Marks is a Managing Director in JP Morgan’s Corporate Finance Advisory group, focusing on tax structuring and its corporate finance implications for M&A and capital markets transactions. In his 16 years at JP Morgan, Jeff has executed a variety of spin-offs and split-offs, buyside and sellside M&A transactions, investment grade and high yield debt offerings, and public and private equity financings. He returned to the firm in 2006 after earning his JD from the University of California, Hastings College of the Law, with a concentration in tax. Prior to graduate school, Jeff worked in JP Morgan’s Mergers & Acquisitions group from 1997 to 2002 in San Francisco and London. Jeff holds an AB in economics from Harvard College.

Elizabeth Sanders
  • Chief Counsel - Transactions/M&A
  • Panasonic Corporation of North America

Elizabeth Sanders is Chief Counsel – Transactions/M&A at Panasonic Corporation of North America with responsibility for managing the transactions team. Liz joined PNA in 2014. She provides general commercial counseling to several Panasonic businesses including collaborating with Tesla on the manufacturing and production of photovoltaic cells and modules to be used with energy storage products Powerwall and Powerpack in Buffalo, New York, delivering large scale best-in-class B2B audio visual solutions, designing point of sale kiosks and supporting sales of Panasonic Toughbooks. Prior to joining PNA, Liz held various positions of increasing responsibility with Siemens Corporation for over 14 years, including leading the procurement team, executing M&A transactions in the energy, industry and healthcare sectors and serving as corporate secretary for Siemens Technology-to-Business. Liz was responsible for executing the US carve out and subsequent sale of Siemens VDO Automotive AG to Continental AG for €11.4 billion. She led numerous domestic and multijurisdictional acquisitions and divestitures in her tenure at Siemens. In addition to M&A, areas of responsibility have included procurement, venture capital, project finance, litigation management, contract negotiation and corporate governance. Prior to joining Siemens, Liz was a Capital Markets and M&A Associate at Clifford Chance.

Liz was honored as a member of the Siemens M&A team, winning Best Global In-House M&A Legal Team International Law Office (ILO) & Association of Corporate Counsel (ACC) http://www.internationallawoffice.com/Awards/GCA/2013/Winners.aspx. She is affiliated with professional and non-profit organizations, including the Association of Corporate Counsel and the New Jersey Women Lawyers Association. Liz graduated cum laude with a BA in Music and an MFA earned under a Regents Fellowship from the University of California, Irvine and received her JD from Fordham University School of Law.

Moderator: Jenny Zha Giedt
  • Assistant Professor
  • George Washington University’s School of Business

Jenny Zha Giedt is an Assistant Professor at George Washington University’s School of Business in Washington, DC. Her research encompasses various topics in financial reporting and capital markets. In the M&A field, she has authored studies documenting how announcements about strategic alternatives affect the acquisition process and shareholder value, and how the performance trends of companies affect their likelihood of becoming takeover targets. Her research has been published in leading journals such as The Accounting Review and Annual Review of Financial Economics. Prior to her time at GWU, Jenny received her doctorate from UC Berkeley and worked in the Audit and Forensic Advisory practices at KPMG.

Continuing Education

Credits:
1.2 CPE, 1.0 General COA, 1.0 CLE
Practice Areas:
Tax
Prerequisite:
A basic understand of M&A
Level:
Intermediate
Production Date:
07/18/2018