Frank Aquila Discusses State of Global Dealmaking in Financial Times Special Report

December 7, 2010

Mr. Aquila was quoted in the article, “Ups and Downs in the World of Dealmaking,” which was published on December 7 in the Financial Times’ special report, Deals and Dealmakers. Mr. Aquila told the FT that while most chief executives and their boards continue to be cautious about the economy, their confidence is growing. “On a macro level, all the key conditions are in place for a strong resurgence in dealmaking,” he said. “Multinational corporations have an unprecedented amount of idle cash, debt financing is available at historically low rates, equity valuations remain cheap and cost-cutting has made most corporations lean and efficient.” Mr. Aquila also said that buyout groups will help boost the flow of transactions. “This means that corporate acquirers can expect to find an outlet to unload unwanted business units and surplus assets following significant deals,” he said.