On Monday, November 10, Michal Katz joined Romaine Bostick and Katie Greifeld on Bloomberg’s The Close to discuss a variety of recent trends within global dealmaking. She credited mega-deals and the return of both private equity and IPO opportunities as driving the rebound in M&A and capital markets activity in 2025.
When asked about “froth” in the artificial intelligence space, Michal shared that while capacity concerns around the industry are real, the parallels being drawn to the 1999/2000 bubble are an oversimplification. That said, discernment is necessary when looking at this once-in-a-generation, transformational and disruptive technology. “The questions we ask ourselves when we look to support some of the sponsors on those transactions are – who are the sponsors, who are the offtakers, what are the contracts, what is the utilization?” From her observations, the fear of missing out is overshadowing the fear of failure for those looking to invest.
As she recently returned from FII9 in Riyadh, Bostick asked for her take on global sentiment. Michal agreed that global financial leaders are feeling ambitious and optimistic yet measured about what’s going on in the world. She said that dealmaking activity is global in nature, with cross-border M&A at a five-year high.
Her prediction for dealmaking in 2026? She believes that velocity will continue and hopes for greater distribution beyond the mega-deals with a diversification across industries and sectors beyond technology.
Watch the full interview now: Link to Bloomberg Video