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So who else is at Hilton Orlando this week?
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how much harder is banking then valuation?
Anyone in FP&A hiring?
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People can only sit on money for so long
PEs have plenty of dry powder (cash). They have to spend (invest) their cash to make money for themselves & investors.
F
It was hotttt
I think it may have been a “non-tariff exuberance” for those companies that were not impacted by tariffs
Market was still down overall
Compared to what?
How do you measure hotness? In my experience people were have been stuck on old deals and summer vacations affected short term staffing needs.
Community Builder
To give you an actual answer, the reason is a lot of deals were being delayed with the uncertainty over tariffs in H1. As we entered July a lot of that uncertainty went away as trade deals were agreed with most large economies (China, Japan, EU, UK) and the other tariffs were largely brought down to the 10-15% range. There are some exceptions like India and Brazil but on the whole it's like we went from Defcon 2 to 4.
A lot of deals which were previously on pause then hit play. So you had pent up activity being released which is all hitting in the summer and the second half of the year.
The macro environment is also not looking too bad. Rates have fallen and a mild recession will only make them drop more, with inflation still relatively subdued.
There's still uncertainty over what will happen in 2026 but right now the deals are flowing at a time when a lot of firms cut headcount. Everyone still left working are rewarded with a lot more work! Firms are increasing hiring again but they'll be wary of overdoing it.
That was super helpful thank you so much