On July 11th, Buyout Insider released the article, Biden’s strict review of merger applications leads to PE deal delays, attorneys say, focused on the Biden Administration’s process of reviewing merger applications. The article states: ”The Biden administration has implemented a tighter review of filings that firms must submit before the completion of a merger, resulting in increased delays and costs for private equity manager and potential portfolio companies, according to two attorneys.”
The article quotes AAI’s Diana Moss:
“Diana Moss, President of the American Antitrust Institute, said her organization has also heard reports of more second requests made by the administration.
‘This ‘closer look’ is in keeping with the administration’s needed, stronger stance on antitrust and especially merger enforcement,’ Moss said.”