The period of cash-only (or mostly) M&A transactions spurred by near zero interest rates has been replaced with tighter monetary policy, uncertain capital markets, anti-trust regulatory challenges and geopolitical conflicts. This has necessitated the use of structured transaction terms to address risks. During our recent Finance Leaders Forum in September, Atish Basu, Mizuho Americas’ Head of Industrials Investment & Corporate Banking, led a panel discussion with Kevin Costantino, President and Co-Head of US M&A, Greenhill & Co. and Mizuho Americas’ Moshe Tomkiewicz, Head of Investment Grade Debt Capital Markets, and Seth Mair, Managing Director, Head of Investment Grade Loan Capital Markets, on current M&A dealmaking and financing trends as the market adjusts to a new normal. The panel discussed how financing structures that mitigate risk and bridge the valuation gap are moving the market forward.
Here are some highlights:
M&A Green Shoots
Risk Mitigation Strategies in Financing