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Matt Jacobson Analyzes U.S. Leisure M&A Sector in Trend Report

Practices: Mergers & Acquisitions, Capital Markets, Private Equity, Finance, Banking, Venture Capital & Emerging Companies , Securities & Public Companies

As one of the first industries hit by the pandemic, the leisure sector experienced a devastating decline in M&A activity in the first half of 2020. However, the sector showed its resilience in the second half last year. Based on a Mergermarket analysis, leisure sector deals are expected to keep their upward momentum in 2021 and 2022.

In a Mergermarket U.S. leisure M&A trend report, mergers & acquisition partner Matt Jacobson (San Francisco) says he expects the number of buyouts to continue rising as it will become clearer which players have some competitive advantage to weather further or future storms.

Matt notes that pressure on valuations and heavy debt loads may dampen seller activity where a sale isn’t needed due to distress. He thinks it’s likely that opportunistic large deals will continue, with some volatility, and that large deals will remain a significant portion of all deals for some time to come.

The trend report highlights the $11 billion sale of Dunkin' Brands to Inspire Brands as the top U.S. leisure industry deal, on which Ropes & Gray served as lead counsel to Dunkin’.

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