Host: Christine Murphy, managing director, Deloitte & Touche LLP
With the recent increase in acquisitions or mergers between special-purpose acquisition companies (SPACs) and private companies, there may be fewer private companies attractive to SPACs. Now SPACs are starting to look at other transaction constructs. We’ll discuss:
- Market landscape – Will SPACs show interest in carve-outs of existing public companies?
- Seller and investor considerations – How can sellers prepare to make spin-offs attractive to SPACs?
- Buyer/SPAC considerations – Impact on timelines for public-entity carve-out companies and private companies considering going public
- How activists play a role
Meet the speakers
Christine M. Murphy
Christine is a managing director in Deloitte & Touche LLP’s Transactions and M&A practice, focusing on divestitures, integration, and readiness. With more than 15 years of experience at Deloitte, Christine has focused her career on assisting clients in meeting their financial accounting and reporting requirements related to various transaction filing requirements and the process transformation driven by those transactions. Christine has served as a leader on the project teams for a number of global complex transactions across carve-out financial statements, separation planning and execution, purchase accounting, acquisition integration, IPO filings and preparing to become a public company. Christine has performed numerous presentations and publications on these various topics. Christine is a CPA and member of the AICPA.
David is a partner at Deloitte & Touche LLP in the US and is a certified public accountant (CPA) licensed in IL and CT. He received his master’s in accounting from the Eli Broad College of Business at Michigan State University. David completed a rotation within the SEC Services group at Deloitte’s National office, where he provided consultative services on SEC reporting matters. He has been with Deloitte for 15 years and currently oversees sell-side transactions, including divestitures, carve-outs, spin-offs, and IPOs in the TMT sector.
Jeff is a partner with Deloitte & Touche LLP in the Merger & Acquisition Transaction Services practice. He has more than 20 years of public accounting experience and more than fifteen years in M&A. Jeff has extensive experience in leading due diligence teams to advise many private equity and corporate buyer clients on a variety of operational, financial, human capital, and systems due diligence matters, accounting structuring, carve out issues, and financial reporting aspects of transactions.
Michael is a partner with Deloitte & Touche LLP and has more than 22 years of business experience in both public accounting and private industry, based in both the Netherlands and the United States. Mike has deep experience in accounting and reporting for transactions gained through multiple engagements relating to multi-billion dollar carve-out financial statements, purchase price allocation accounting including the push down of fair value within a multiple legal entity structure and IPO readiness and remediation projects. Mike has spent several years of his career as part of Deloitte’s National Office – SEC Services Group, working in the area of initial offerings and other stock and debt registrations. He is a CPA and a member of the AICPA.
Meet the speaker
Simon Gisby is a principal in the M&A and the Life Sciences & Health Care practices at Deloitte and is the Future of Health leader for Deloitte US Risk & Financial Advisory practice. He has experience in all aspects of life sciences and health care M&A strategy and execution, joint ventures, and partnerships. His clients include global pharmaceutical and medical device companies, health plans, health systems, and health care information technology companies. He has been awarded the M&A Advisor Healthcare Deal of the Year Award and Healthcare Restructuring Deal of the Year Award, is a frequent presenter on health care M&A and the future of health, and has contributed to numerous articles on M&A and health care. He is a Chartered Financial Analyst and a graduate of Oxford University.