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Coronavirus (COVID-19)—impact on private M&A transactions [Archived] ARCHIVED: This archived Practice Note examined how the coronavirus (COVID-19) pandemic affected private M&A (share purchase or asset purchase) deals. It has not been revised since May 2022. Factors affecting deal activity For the duration of the coronavirus (COVID-19) outbreak, many strands of corporate law will be influenced, shaping the work of legal practitioners and their clients. The effects on private M&A transactions are likely to extend beyond the pandemic’s immediate timeframe, given the wider repercussions for the economy and for individual businesses. Direct consequences arising from the pandemic include: financial viability of pursuing an acquisition—amid the economic turmoil and global shock, can buyers access the requisite funds to complete a private M&A deal? A prospective purchaser may prefer to preserve or strengthen cash reserves, rather than hunt for acquisition prospects, as a prudent approach to financial management to withstand the challenges posed by the COVID-19 pandemic heightened transaction risk—concluding a deal during a period of...