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A&M Newsletters
Comprehensive and timely perspectives, on the topics that matter to you, sent straight to your inbox.
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Pandemic Impacts on Mid-Cap A&D Sector Liquidity Start to Emerge

June 8, 2021
The COVID-19 pandemic has clearly had a significant impact on the Aerospace & Defense sector, but as annual results continue to be released, data suggests that while some of the larger firms are managing to ride out the storm, many of the smaller firms are heading for a period of turbulence.
Thought Leadership

COVID-Era Rule Waivers: The Government Comes Knocking

June 3, 2021
This article discusses the impact of enforcement actions for healthcare providers that implemented CMS and HHS rule waivers during the pandemic, as well as shares what actions to take now to ensure government reviews don't make a devasting financial impact.
Thought Leadership

Green Book Would Increase Green Energy Incentives and Reporting Requirements

June 3, 2021
As discussed in our prior alert, the Treasury Department last Friday released its general explanation of tax proposals included in President Biden’s fiscal year 2022 budget submission to Congress (the “Green Book”). In this alert, we focus on some of the Green Book’s proposals that were not covered by our prior alert.
Press Releases

U.K. Corporates Braced for Activist Attacks as COVID Disruption Highlights New Targets

June 3, 2021
Global professional services firm Alvarez & Marsal (“A&M”) today announces the findings of its latest analysis and predictor of shareholder activism in Europe, the “A&M Activist Alert”, or “AAA”. This snapshot edition of the study has identified 59 U.K. corporates that are predicted to face a public campaign by an activist investor in the near-term. The analysis predicts an uptick in activist focus on the consumer sector, which has until now been falling in attractiveness for activists.
Thought Leadership

M&A Trends: Private Equity Market Activities in Germany

June 2, 2021
The trends of the M&A market at a glance! On this page we present the current developments of the transaction market in Germany – starting with a deep dive of the private equity market. What is the number and value of deals with published takeover values? COVID-19 has not stopped the private equity market and there is a catch-up effect with many well-known targets that have been on our radar since last year.

Skinny Green Book Proposes Substantial Tax Compliance and Planning Headaches

June 1, 2021
On Friday, the Treasury Department released its general explanation of tax proposals included in President Biden’s fiscal year 2022 budget submission to Congress. Often referred to as the “Green Book,” this year’s publication is an environmentally friendly 114 pages, compared to the average of 287 pages for the last four issued under the Obama administration.

A&M Scotland Asset Managers Briefing Note: Volume 13

May 27, 2021
Our May briefing note will cover a variety of topics including:

1. A&M London Virtual Asset Manager Roundtable on 12 May 2021;
2. Overview of United Kingdom (“U.K.”) commentary on recent United States of America (“U.S.”) tax changes; and
3. Employment Related Securities (“ERS”) reporting reminder for 6 July 2021.
Thought Leadership

Section 280G Excise Tax Planning and Mitigation

May 26, 2021
Change in control (“CIC”) arrangements have become an effective way to attract qualified candidates and to reward top performers for their success. CIC arrangements are commonly put in place to ensure that executives evaluate every opportunity (including a merger or acquisition) with an eye toward maximizing shareholder value, without worrying about how such an event will affect their personal circumstances. 
Thought Leadership

Managing the Reps & Warranties Claims Process

May 25, 2021
In a recent interview with Financier Worldwide, Managing Director Marc Sherman and Director Meghan Cardell discussed the role representations and warranties insurance plays in M&A transactions and best practices for developing effective claims processes.
Thought Leadership

Tax Risk Insurance: Taking It Captive

May 24, 2021
According to A&M’s Albert Liguori and Ken Brewer, the use of tax risk insurance has been most prevalent in the mergers and acquisitions context.