Market volatility makes dealmakers cringe when coming to terms with a target’s value, and discourages corporates and private equity firms from using their cash-heavy balance sheets to make acquisitions.
Although the banking sector suffers the same valuation dilemma, it is expected to be a source of global M&A work for the foreseeable future.
Distressed bank sales are emerging as the one bright spot in the clouded M&A market – a phenomenon roused by banks...