Curious, if anyone had any research or statistics that breaks down the deal structures / types? e.g. How many deals that are closed are assets vs stock?
Majority of the deals I've done have all been stock but I was wondering if WSO could provide their perspective (personal anecdotes are welcome) or point to some sort of database.
I'm in tech/HC if anyone has anything that specific
TIA
| +190 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 47 | 8m |
| +85 | IB Energy Drink Tier List / Ranking | 60 | 1h |
| +76 | PJT M&A Group Selection 2026 | 13 | 20h |
| +63 | ONLY THESE BANKS OR YOU STRUCK OUT | 19 | 2m |
| +36 | Quick Thoughts on CVC AI Sale Process | 7 | 3d |
| +34 | Feedback for internship first desk at IBD BB - personal fit, "don't be too confident" | 23 | 1d |
| +28 | Does BofA still pay its associates rat pellets? | 14 | 10h |
| +18 | What happened to Greenhill | 8 | 3d |
| +18 | Updated JPM Group Rankings | 30 | 11h |
| +18 | VP Deal Origination Credit | 2 | 18h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
it depends (on industry, region, cycles, etc.), normally your m&a colleagues have that type of stats if you ask them. NRG will have more asset deals than stocks vs FIG for example
I agree, I know for instance upstream O&G will be predominantly Asset deals - was looking for an overall number perhaps. I'm not at a bank so no M&A team to get in touch with internally.
I'm in tech/HC if anyone has anything specific.
Username DOES NOT check lol
haha, username checked out when I first made this account.
From my experience typically manufacturing/industrial m&a deals are those that can be asset deals, cause the most relevant thing is to acquire some specific machineries, plants and "locations"
In most industries almost all stock - it's cleaner and easier from a legal perspective. As some posters pointed out, in some industries / verticals (like upstream O&G) asset deals more common.
The reason stock deals are cleaner is because the corporate entity is basically a bag holding all the stuff that belongs to the company. In an asset deal, you have to reach into the bag and pick and choose what stays and goes. In a stock deal, you just get the whole bag.
Interesting you say that because internally our legal / accounting team think an asset deal is cleaner because you are not bringing over liabilities.
I think if you go into an auction process proposing an asset deal, you are already at a disadvantage from a bid perspective - unless you have a significantly higher bid.
Hic qui fugit vero nihil. In maxime amet dicta aut nisi beatae. Et laboriosam quod facere non iusto ratione. Sunt est beatae possimus inventore fuga eum. Eligendi suscipit et asperiores hic omnis. Enim molestiae ut aut quo adipisci rerum voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...