January 2, 2026 – Westlaw Today recently featured Partners Robert Hussle and David Thunhorst discussing key M&A trends from 2025 and what dealmakers can expect in 2026, including continued aggressive antitrust enforcement and the growing role of AI-driven transactions.

“The ‘new’ deal trends in 2025 are really a renewed focus on tried-and-true deal features used to bridge valuation caps and reduce the need for additional capital to support M&A activity. As such, in 2025 we saw more deals with earnouts and equity rollovers than we have seen in recent years. While it appears that valuations are becoming more normalized, we may see fewer deals in 2026 with earnouts and equity rollovers,” they noted.

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