Q4 2023
October 16, 2023
Antitrust enforcement comes for the little guys
Newly proposed antitrust rules in the US could bring scrutiny to smaller M&A—not just big-time, industry-shifting deals. The changes would lower market concentration thresholds for monopoly scrutiny and broaden the definition of competitive harm, shifting the status quo for strategic buyers and PE alike.
Our latest analyst note explores whether changes to antitrust policy and enforcement could affect the M&A market: More deals could get blocked, but concessions to regulators could also amp up corporate divestitures.
Key takeaways | 1 |
Introduction | 2 |
Challenges for dealmakers | 3 |
PE under scrutiny | 6 |
How dealmakers are adjusting | 8 |
Headwinds by geography and sector | 10 |
Key litigations | 14 |
Blocked deals | 16 |
Concessions | 17 |
Potential tailwinds ahead | 18 |