SVB Turmoil Could Crack Open M&A Window
The Wall Street Journal quoted Co-Chair of Mintz's International Practice Larry Naughton about the prospective uptick in startup mergers and acquisitions following the collapse of Silicon Valley Bank. Larry explained that, "valuations have been down and sellers have been inclined to hold out on M&A in hopes that prices go back up." He continued, "It may be that they see this situation and see that it’s not getting better any time soon so they may as well accept the valuations that are out there, especially if their cash runway has them running out of cash this calendar year, as it could be hard to raise a new round."
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