Posts by Hagen Rogers

Regulatory Pressures and Strategic Adaptation in Cross-Border M&A (Part 2)

Regulatory Pressures and Strategic Adaptation in Cross-Border M&A (Part 2)

In Part I, we looked at how rising geopolitical tensions have reshaped the global cross-border M&A landscape, affecting deal volumes, valuations, and capital flows. Part 2 turns to another key force shaping these transactions — the growing weight of regulatory and national security oversight. It also explores how companies are adapting, using new deal structures…
Navigating Geopolitical Forces within Cross-Border M&A (Part 1)

Navigating Geopolitical Forces within Cross-Border M&A (Part 1)

Cross-border M&A is undergoing significant changes due to heightened geopolitical tensions. While companies continue to pursue these types of transactions to expand markets, gain valuable resources, and achieve synergies, the environment has shifted. Since 2021, the share of cross-border deals in the U.S. relative to total M&A activity has steadily declined and is on track…
The Rise of Alternative Acquirers_watermark-wire

The Rise of Alternative Financial Acquirers Beyond Private Equity

The lower middle market M&A landscape is undergoing a significant shift, with private equity now sharing the stage with a broader range of active financial acquirers. Independent sponsors, family offices, and search funds have each emerged as meaningful participants, bringing distinct investment approaches and value propositions to sellers. While private equity continues to play a…
From Bias to Discipline – How to Mitigate Behavioral Risk in M&A Part 2

From Bias to Discipline – How to Mitigate Behavioral Risk in M&A Part 2

Nearly 70% of M&A deals miss the mark—behavioral biases are a major culprit. In Part 1, we examined how overconfidence, confirmation bias, and herd behavior influence M&A outcomes—and how tools such as devil’s advocates, pre-mortem analyses, and diverse committees can help mitigate their effects. Yet these represent only part of the behavioral challenge. Equally influential…
The Invisible Forces Behind M&A – Why Behavioral Finance Matters Part 1

The Invisible Forces Behind M&A – Why Behavioral Finance Matters Part 1

Nearly 70% of M&A deals miss the mark—behavioral biases are a major culprit. Mergers and acquisitions (M&A) are often portrayed as calculated financial maneuvers—numbers on spreadsheets, deal multiples, and strategic rationales. But anyone who has lived through one knows the reality can be far more complex. The world of M&A is a tangled mix of…
Navigating Turbulence: How Tariffs Are Reshaping the 2025 U.S. M&A Landscape

Navigating Turbulence: How Tariffs Are Reshaping the 2025 U.S. M&A Landscape

Executive Summary Approaching mid-2025, the U.S. mergers & acquisitions (M&A) market faces heightened uncertainty, driven in part by significant tariff policies implemented under the Trump administration. Tariffs, including the 145% levy on Chinese imports and the 25% duties imposed on Canadian and Mexican goods, have introduced complexities into business decision-making. In May, a temporary agreement…
Deals, Disruption, and a New M&A Era: A First Look at 2025

Deals, Disruption, and a New M&A Era: A First Look at 2025

Deal Volume and Expectations for 2025 The U.S. M&A market heading into 2025 was expected to strengthen as key bottlenecks – namely monetary policy uncertainty and regulatory scrutiny abated. According to Goldman Sachs’ 2025 M&A Outlook, stabilizing capital markets, a rebound in CEO confidence, and the need for strategic growth and capability enhancement were expected…