Frank Aquila Outlines Best and Worst Case Scenarios for M&A Activity in 2013

December 31, 2012
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In the December 31 issue of Mergers & Acquisitions, Mr. Aquila authored the article, “2013 Could See an M&A Resurgence,” in which he predicted best and worst case scenarios for M&A activity in 2013. The worst case scenario would occur should there be a failure to avert the fiscal cliff or if the Eurozone sovereign debt crisis continues. Alternatively, the best case scenario would involve a resolution of the fiscal cliff, resulting in an improved economy in which prospective buyers have access to debt capital on reasonable terms. Mr. Aquila predicted that 2013 could see M&A activity levels that were expected in 2012. “Although 2012 was disappointing to the M&A community, hope is not lost. Buyers, both strategic and financial, have the financial wherewithal and strategic desire to do deals. What we need now is stability in the capital markets and increased global economic growth.”