Frank Aquila, S&C’s Senior M&A Partner, discussed Q1 trends in M&A value and volume with The American Lawyer, noting that dealmakers are adjusting their priorities in response to the current socio-political environment.
“In periods of uncertainty, geopolitical strife, economic issues and trade issues, you have a situation in which ‘nice to have,’ ‘bolt on’ deals proceed much more slowly,” he said. “Buyers tend to be more cautious. However, if you’re doing something very significant that’s going to be strategically important, the issues of the day are less relevant because you’re doing the transaction for long-term purposes.”
Sullivan & Cromwell’s Q1 deal value was up 44.8% compared to the same period last year, as the Firm was ranked the top global M&A legal adviser by deal value.
Read: With Deal Inventory in Question, 'Warning Signs' in Big Law Appear | Law.com