Tariffs Hit, what’s the outlook on deal flow?
Assuming it’s impacting all groups, but obviously magnitude would scale for other groups, including the likes of Consumers, PU, Infra, M&M, Energy etc.
I’d also love to hear your thoughts on how you think this will affect your group.
Fugaze
Bumpity
One of the (few) times I am thankful to cover boring services business.
To those out there repping businesses with hard assets, real capex, and actual (physical) products — we salute you 🫡
Expect a ton of work for Industrial teams, particularly on the hard asset side; would expect increased hiring and flow in the industry as corporations look to get ready for the new reality post-tariffs. Also, I would expect more spin-offs and carveouts, but that's been a broader trend in the space, regardless. In a similar vein, I think the uncertainty around this might mean more potential for sponsors to potentially swoop in for take-privates at perhaps lower valuations.
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