By Kathryn Mulligan, Hal Conick, Joanne Cleaver and Annemarie Mannion
Biden’s tax proposal, COVID-19 and an abundance of dry power push deal volume to record levels.
Nearly two years into the COVID-19 pandemic, private equity is, once again, in Congress’ crosshairs. A plan to change capital gains tax has become less controversial in Washington, making it almost unavoidable, and placing mid- market firms and service providers in the position of having to race to ensure that deals get done before any legislation is enacted.