2017’s increased economic growth has contributed to a competitive buying market already fueled by low-cost acquisition financing. The Midwest market has benefited with steady deal flow in the healthcare, technology and consumer sectors. Bill Kucera, co-chair of Mayer Brown’s M&A practice in the Americas points out that technology and healthcare would remain the largest components of Midwest M&A.
Technology deal making will continue to be robust, as rapid consumer adoption of new emerging technologies continues. Mark Brady, William Blair’s Head of M&A pointed out that the quick growth and turnover of Chicago based online ticket broker Vivid Seats, bought by Vista Equity Partners in early 2016 which sold 14 months later to GTCR, is emblematic of this exact trend.
A few deals of note that have occurred in the Midwest M&A market include JAB Holdings acquisition of Missouri-based Panera Bread for $7.4 billion and Reckitt Benckiser’s purchase of Chicago-based Mead Johnson Nutrition for $17.8 billion.