Private Equity

While a company’s financials are arguably a top concern in the merger and acquisitions (M&A) process, equally as important is the state of an organization’s information technology environment – now more than ever, given the vulnerabilities businesses face and the increases in cybersecurity attacks during these turbulent times. Of the many disruptions taking place this year – and likely into 2021 and possibly beyond – technological challenges are proving significant, both in cost and how they’re impacting businesses of all sizes. While information technology concerns often are viewed as simply that – IT issues – they’re in fact much more and are affecting small- and mid-size businesses as well as larger companies. IT security, as well as IT continuity, are not “an IT thing,” but rather an essential business risk discussion – a discussion that needs to be explored prior to the purchase of a new entity...

As business owners ponder their path forward during the economic crisis of 2020, and entertain thoughts of possibly selling, others are looking to reinvent and are seeking to take on new ventures. With any merger and acquisitions (M&A), especially during these uncertain times, due diligence is as critical as ever. Specifically, the abundance of outstanding Paycheck Protection Program loans is cause for a thorough review by both the buyer and the seller throughout any M&A transaction. With so many PPP loans not yet forgiven, there’s significant likelihood that M&A transactions in the next year may involve PPP loans...