Tech banks
How are banks that mainly focus on tech or TMT/tech groups within larger banks doing right now? Can’t imagine too hot but curious about specific circumstances.
How are banks that mainly focus on tech or TMT/tech groups within larger banks doing right now? Can’t imagine too hot but curious about specific circumstances.
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Slower than last year not as rough as you might think. So far this week alone, we’ve seen Qualtrics/Silver Lake, Cvent/Blackstone, Momentive/STG.
Pretty much every >1bn + tech deal in 2023 has been sponsor vs strategic though. I wonder if that will change soon.
Also, the banks that do well in M&A (Q / GS / MS) have obviously done better. For the rest of the BBs, I imagine it’s much harder.
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