Bermuda Insights: Corporate 2022

Take Privates

The last few years have been standout years for take private transactions globally – representing the most active years since 2007 - with Bermudaincorporated listed companies involved in a number of the largest deals, including the matters below in the blue boxes.¹

What is driving the rush to the listco exit ramp? A convergence in the valuations of public companies - particularly in sectors adversely affected by COVID-19 - with their private company counterparts, record levels of private equity dry powder, relative ease (and affordability) of fundraising, increasing activism of minority public company shareholders, geopolitics and regulatory push factors have all played their part.