In the Press
February 3, 2023

DOJ Official: Private Equity HSR Compliance Poses Existential Threat to Enforcement (Global Competition Review)

Far too many private equity firms are failing to comply with merger filing requirements, an official from the Department of Justice’s antitrust division has said. Speaking at GCR Live: Law Leaders Global on Thursday, Antitrust & Competition co-chair Arman Oruc said that while private equity deals were at one point considered “antitrust risk-free”, they have a lot more work to do now. Although the horizontal merger guidelines are well-accepted and facilitate private equity transactions, the politicisation of private equity – such as Senator Elizabeth Warren labelling the firms “vampires” – makes what could be a straightforward clearance process more complex, Oruc added.