Mergers and acquisitions slowed substantially in 2022 as companies faced a mix of financing challenges, including rising interest rates, a pullback in leveraged finance, bond-market jitters and the possibility of a recession.
But many companies adapted, structuring deals to sidestep market volatility and minimise financing costs. In doing so, they provided a glimpse of what’s likely ahead for deal making this year, bankers and advisers said.
“The...
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