Frank Aquila, S&C’s Senior M&A Partner, appeared on Bloomberg TV’s Surveillance to discuss expectations for M&A activity in 2025, and how companies are reacting to the new administration’s policies under the current economic environment. “M&A is not going to happen when there is uncertainty whether it’s about tax rates, exchange rates or the economy,” he said. “My expectation is the back half of the year will be quite busy and quite robust because there is that certainty that is lacking to some extent at the moment.”
When asked about how law firms and companies will adjust to the Trump administration’s hyper-focus on internal policies, Frank noted that he expects business as usual. “By and large what we are going to see is what companies do today—U.S. and non-U.S.—they adapt to the political and economic realities of the moment,” he said. “That is what boards and management are paid for, to evaluate that and look at what is in the best interest for their shareholders … to me that is business as usual.”
Watch the interview: Bloomberg Surveillance