Slow the Roll-up: Help Shine a Light on Serial Acquisitions
Most of the talk about dealmaking and antitrust enforcement focuses on large deals involving large companies. That’s because every year, the antitrust agencies get notice of larger deals—those currently valued at over $119.5 million—under the Hart-Scott-Rodino Act. But roll-up schemes, popular with private equity companies and other corporate actors, can be executed through a series of smaller acquisitions that individually fall below the...