Sullivan & Cromwell's M&A Hotline is Ringing

more+
less-
April 4 (Bloomberg Law) -- Despite the number of global mergers-and-acquisition deals being down year over year for the first quarter, Sullivan & Cromwell expects deal work to increase this year because the phone is ringing more often at its New York office, partner Frank Aquila tells Bloomberg Law's Lee Pacchia.

"A year ago, very few clients were considering making larger or even smaller acquisitions," he says. And most deals clients See more +

April 4 (Bloomberg Law) -- Despite the number of global mergers-and-acquisition deals being down year over year for the first quarter, Sullivan & Cromwell expects deal work to increase this year because the phone is ringing more often at its New York office, partner Frank Aquila tells Bloomberg Law's Lee Pacchia.

"A year ago, very few clients were considering making larger or even smaller acquisitions," he says. And most deals clients consider fall through the cracks. "You have to get 50 phone calls to get 20 deals done," he says.

Japan's moves to push down the value of the yen and the end of the leadership change in the Chinese government point toward growth in Asian M&A over the next nine months, he says. Aquila also feels that domestic deal work is also likely to rebound, while Europe is expected to remain uncertain. See less -

Embed Video

Copy

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bloomberg Law | Attorney Advertising

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×