In an article by American Lawyer, Private Credit Partner Derek Ladgenski addresses the potential impact the 2024 presidential election will have on deal activity.
The American Lawyer reported that deal activity has remained robust recently, with over seven M&A deals exceeding $1 billion, three new IPOs, a couple of SPACs, and a SPAC merger announced in the last week. While M&A and private credit deal activity has surged in 2024, the future remains uncertain, particularly with the upcoming U.S. election.
The issues that the presidential candidates are "discussing, analyzing and debating—whether it is tax rates, tariffs, energy approaches or immigration policies—will absolutely have a material, real-world effect on levels of deal flow going forward," Derek said.
"What those policies exactly are and how they affect deal flow will make itself apparent over the next several months, but it seems our market (private credit) is waiting for this unique election cycle to come to an orderly and timely resolution before it really hits the gas pedal even harder," Derek added.
"Deal Watch: Dealmakers Brace for Impact of Presidential Election," American Lawyer, October 28, 2024
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