2023 was a rough year for mergers and acquisitions, with economic uncertainty and higher interest rates forcing many companies to put their M&A plans on the back-burner. But that's going to change in 2024, according to Solomon Partners CEO Marc Cooper.
Cooper predicts "better" activity in the space, noting "mega-transactions that maybe skewed the dollar volume" of M&A in 2023.
Cooper notes that private equity has "been on the sidelines." He expects that with interest rate stability, a release of pent-up demand, and the need to return capital investors, private equity will be more active in the M&A space in 2024.
On the corporate side, Cooper says M&A can create growth in a time of low-growth for the economy. He also notes that companies are sitting on a lot of cash that they can deploy.
How is Cooper so confident about M&A activity picking up? He notes that his firm is seeing a backlog of transactions and increased pitch counts.
About Yahoo Finance:
#stockmarket #youtube #yahoofinance
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance