Mergers & Acquisitions
Our experience in M&A is substantial, dating back to Analysis Group’s founding in 1981. Over more than four decades, we have served as a trusted partner to our clients across every phase of merger clearance, from pre-deal antitrust analysis to Second Request support and through litigation. Analysis Group has evaluated the competitive effects of M&A in scores of high-profile matters. In these engagements, our consultants and affiliated experts have assessed market definition and market power; potential unilateral and coordinated effects, as well as potential vertical effects; efficiencies, entry, innovation, and product repositioning; and barriers to entry. We have expertise in a range of state-of-the-art analytical techniques, including event studies, bid analysis, critical loss analysis, upward pricing pressure analytics, and merger simulation.
The breadth of Analysis Group’s work in this area spans global industries and jurisdictions. We have evaluated deals in the technology, airline, transportation and logistics, health care, life sciences, energy, environmental solutions, banking and finance, media, supermarket, and chemicals industries. In addition, we have worked on behalf of, responded to requests from, and presented before competition authorities in countries and regions across the world, including:
- United States (US Department of Justice and Federal Trade Commission)
- European Union (European Commission)
- France (French Competition Authority)
- United Kingdom (Competition and Markets Authority)
- Germany (Bundeskartellamt)
- Mexico (COFECE)
- Australia (Australian Competition and Consumer Commission)
- India (Competition Commission of India)
Our Capabilities
Analysis Group has experience working with merging parties and government agencies at all stages of the M&A process. Our involvement in these matters includes:
Pre-Merger Analysis
- Antitrust evaluation for potential buyers and targets
- Antitrust analysis in the context of bidding, pricing, and deal contracting for parties
- Review of proposed Hart-Scott-Rodino (HSR) filings for parties
Regulatory Advocacy and Engagement
- Advocacy analysis for parties (including through pull-and-refile and Form CO submissions)
- Support for complaint development for global regulators
Merger Review
- Support for parties’ responses to Second Requests
- Competitive effects analysis on behalf of and before global regulators
Litigation and Expert Support
- Multifaceted expert support in litigation on behalf of regulators and parties, including experts in competition, consumer behavior and surveys, industry, efficiencies, and specialty areas
Remedies, Divestiture, and Regulatory Compliance
- Divestiture and remedy analyses for regulators and parties
- Divestiture buyer assessment for regulators and parties
- Compliance monitoring for global regulators
Post-Merger Review
- Ex post review of merger effects and analysis on behalf of and before global regulators
