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ARTICLE · 29 DECEMBER 2025

2025 ABA Private Target Mergers Acquisitions Deal Points Study

K&L Gates
K&L Gates
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The American Bar Association's (ABA) Business Law Section has released its 2025 Private Target Deal Points Study, the flagship product of the Market Trends Subcommittee of the Mergers and Acquisitions (M&A) Committee.

United StatesCorporate/Commercial Law
Jessica Pearlman
Jessica Pearlman
Shoshannah D. Katz
Shoshannah D. Katz

The American Bar Association's (ABA) Business Law Section has released its 2025 Private Target Deal Points Study, the flagship product of the Market Trends Subcommittee of the Mergers and Acquisitions (M&A) Committee. The study is widely recognized as the gold standard for market metrics of key negotiated legal issues in acquisitions of US private companies. Firm partner Jessica Pearlman is chair of the study (a role she has held for over 17 years), leading the effort of the over 50-member working group including K&L Gates partners Andrew Lloyd, Barry Price, Shoshannah Katz, and Remsen Kinne.

The study is the preeminent examination of M&A transactions, utilized internationally by practitioners, investment bankers, corporate development teams, and other advisors. It examines the prevalence of specified provisions in publicly available private target M&A transactions. The transactions analyzed in the 2025 Private Target Deal Points Study were in the middle market,

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