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2020 Global M&A Outlook

Hernan Cristerna and Chris Ventresca, global co-heads of M&A, discuss the key trends shaping the M&A market in 2020.

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What can we expect in the M&A market next year?

Hernan Cristerna Quote We expect 2020 will be an active market, which will not vary dramatically from the volumes we've seen in 2019. It also should be a disciplined market with corporations looking at their core competencies, prioritizing strategic deals, and scrutinizing the use of their balance sheet. And it will likely be a defensive market. Corporations will try to support their standalone organic growth with external growth, supporting their earnings at a time of economic uncertainty. Hernan Cristerna Global Co-Head of M&A

How will these trends impact M&A strategies beyond 2020?

Chris Ventresca Quote Chris Ventresca Global Co-Head of M&A As uncertainty dampens and companies continue to gain strength and liquidity, we do expect them to return to a more aggressive M&A strategy. This is likely to take the form of those companies looking for new growth initiatives, entering into unproven markets, gaining capabilities, and even willing to add debt or leverage if necessary to secure a transaction. This is likely not a today event, but certainly we would expect to see a return to this type of activity in the future.

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