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Illinois moves to tighten oversight of law firm MSOs, but middle-market dealmakers say well-structured transactions should continue to attract private equity.
Stout and Audax began exploring a potential sale in December 2024, when the companies first engaged advisors to evaluate strategic options and gauge market interest.
Improved SBA clarity and pent-up demand are driving a modest uptick in activity, while interest rates and buyer discipline continue to weigh on larger deals and exits.