What could make finding data for precedent transactions particularly challenging?

Finding data for precedent transactions can be particularly challenging due to the difficulties in identifying comparable transactions. In investment banking and financial analysis, precedent transactions involve looking at previous M&A deals that are similar to the one being evaluated. This requires not only pinpointing the right industry but also matching on size, geography, timing, and other relevant factors.

Challenges arise because not all transactions are publicly announced or disclosed in detail, and there may be a limited number of relevant transactions that meet the specific criteria for comparison. Additionally, market dynamics can vary widely, making it harder to find transactions that truly reflect the conditions of the current deal being analyzed. Thus, the complexity and variability in finding transactions that accurately reflect the market context can significantly hinder the search for applicable data.