Frank Aquila Featured in Mergers & Acquisitions magazine Article on 2012 M&A Outlook

January 2012

Mr. Aquila was featured as a thought leader in the January 2012 issue of Mergers & Acquisitions magazine in a cover story titled, “Dealmakers Are Willing, But Economy Looks Weak: M&A thought leaders offers their views on what the next 12 months will bring,” which explored the M&A outlook for 2012 in light of 2011 activity levels and volatile stock market markets. Mr. Aquila told the magazine that despite last year's overall lackluster deal performance, primarily due to decreased business confidence that there were some significant deals in 2011 and that there will be a “steady stream of deals that is going to continue in 2012.” As he explained, “When consumer confidence is weak, your retail business is weak, and when business confidence is weak, the level of M&A activity is reduced because boards and management are less willing to make the decisions on deals that are necessary to make.” Forecasting the U.S. market for 2012 in light of the European economy, Mr. Aquila noted, “Unless there's a real catastrophe in Europe, or a dramatic reversal in the pattern of increasing economic growth we've started to see in the United States, 2012 will be a good year for M&A. And if all the forces align, we could even see a booming M&A market in 2012.”