In 2024, Wall Street is experiencing renewed confidence in dealmaking, with US companies announcing over $1.43 trillion in deals, the highest since 2021. Factors such as economic growth, relaxed regulations, and a resurgence of activity among financial sponsors indicate an end to the M&A freeze that began in 2022. Key players, including Goldman Sachs' David Solomon, express optimism about returning to historical dealmaking averages. Noteworthy megadeals last year included Kellanova's $36 billion sale to Mars and a $26 billion takeover by Diamondback Energy, contributing to a 7% increase in advisory fees for investment banks.
This year could be one of those times.
I am very confident we will get back to 10-year averages.
There's a lot of pent-up energy in capital markets.
Last year's M&A activity generated advisory fees of about $33.4 billion.
Collection
[
|
...
]