Nancy Peretsman
Courtesy of Allen & Co
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Nancy Peretsman has overseen greater than 100 offers since becoming a member of Allen & Co. in 1995. What’s occurring now within the merger and acquisitions world, she says, is a repeat of previous monetary crises.
“There’s quite a lot of exercise proper now. However fairly often it’s coming from corporations” seeking to merge with one other to save lots of prices or bigger firms making an attempt to purchase companies that look low cost, the 69-year-old banker says.
The $16 billion private-equity buyout of TV-ratings enterprise Nielsen Holdings in March final 12 months involves Peretsman’s thoughts. Allen & Co. was advising on the sell-side. Nielsen had beforehand turned down a $9.13 billion take-private supply, however as markets bought weaker and weaker, Nielsen couldn’t threat delaying the choice about staying unbiased, she explains.
“It is a repeat of what occurred after the dot-coms blew up within the early 2000s,” Peretsman says. “Besides that the more healthy, stronger members within the ecosystem have modified over these 20 years.”
Peretsman will doubtless get busier as she expects offers to get extra sophisticated: Complicated constructions get a deal carried out by addressing the problems {that a} weaker market brings to bear, she says.
Write to Karishma Vanjani at karishma.vanjani@dowjones.com