With confidence in the M&A market slowly returning, the City M&A elite reflects on a positive year and give their prognosis for deal activity in 2015.
Fragile confidence
‘With the value of M&A activity hitting $3.7trn for 2014 and M&A activity increasing in almost every sector of the economy, confidence returned in spades last year and was the result of strategies adopted by companies since the financial crisis.
‘I expect the high value of deals to continue in 2015, but a combination of factors – including the general election in May, the price of oil and the effect of geopolitical risks on business confidence – make me wary of predicting another record year.’
David Patient, managing partner, Travers Smith
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