A note to our followers
As many of you know, we’ve been sending a monthly summary of joint venture transaction activity for years. These past few months have been different. The coronavirus has upended corporate M&A departments, and we expect the number of joint venture transactions – both the creation of new and the restructuring of existing – to decline as companies work to figure out how an economic downturn will impact them and their potential partners.
However, if history is a guide, JV transaction volumes will decline less severely than M&A activity, and the number of JV transactions will increase sharply in the early stages of the recovery. We hope that recovery isn’t too far off. In the meantime, we will continue sending monthly updates, and we will remain available if you would like to chat about a JV transaction or restructuring that is ahead of you.