Denver Business Journal Quotes Lyle Wallace on Colorado’s M&A Landscape
DENVER, Colo. (March 12, 2021) — Sherman & Howard lawyer Lyle Wallace was quoted in a recent article by The Denver Business Journal titled “Mountains of Cash,” which provides an in-depth look at recent and upcoming activity in Colorado’s mergers and acquisitions landscape.
“[We’ve] seen more of a focus on private equity,” Wallace said. “People lost money on the stock market, so they looked toward private equity. That money needs to be put to work, or they need to return it to investors without a return, so there’s incentive on private equity firms.”
The M&A market in the Mountain West ended the first three months of 2020 with $25 billion in private equity deals—the most since at least 2010—but plummeted to $6.2 billion by Q3 of 2020, the lowest since the end of 2013. Although the market bounced back by Q4, “there’s lots of capital and pent-up demand,” Wallace emphasized. “The headwind is there’s still uncertainty about how the macroeconomy will go.”
The full article was published in the March 12, 2021 edition of The Denver Business Journal (subscription required).