Senior M&A Partner Frank Aquila spoke to Bloomberg Law about the downturn in global M&A activity in 2022 and the outlook for this year. Frank noted that a number of factors contributed to the overall decline in deal activity, including continued inflation and central bank interest rate hikes as well as the conflict in Ukraine.
“These events conspired to make what was going to be a down year a fairly tepid year,” said Frank. “Overall, it was a good year, but certainly not the year that it had been expected to be or it could have been.”
Frank also expressed optimism for 2023. “Notwithstanding the interest rate increases, we are pretty certain that whether or not we technically have a recession this year in the United States, it will be fairly shallow and short-lived.”
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