According to my friends there, here is the rank for M&A by strength for the groups (also my input as well)  

PUI ( highest chance of M&A) 

Oil/Gas ( I think this is Houston based only)

FIG

Industrials/TMT( they do M&A sometimes) 

Healthcare

Consumer/ real estate/ etc ( I don’t know anything about these nor have seen them on anything)

 

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