Looks like FDD is recruiting overall. Likely means M&A activity is up (or maybe just loads of attrition). Assuming the former, what’s driving increased activity?

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Posting as :
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likefunny

It had been really busy for a long time. Just starting to catch my breath the last few weeks but by no means is it slow - more like normal deal flow. There has been a lot of turnover across all levels the past 6-9 months which hadn’t been happening as much the last few years.

smart

My guess is similar reasons to big4 turnover. People tired of the FDD grind and culture, or people going to competitors, lifestyle changes, all that

Its mid market deal counts (as thr big 4 folks are saying they are quiet). I think sellers have started to close on the valuation gap of the last 3 years and PE firms have a lot of pressure to get some deals done

like

Makes sense

Financing conditions. Deal value (not volume). was the highest in Feb26 in any month since 2022.

In big four and we are the slowest we’ve been in a long time

Interesting - maybe due to private credit issues and bond market slowing down, however rest of FDD is treading water as you can tell from other comments

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Mid market busy. Especially sell-side. Tech too.

Iran and oil infrastructure being blown up are probably spooking some of the larger deals right now. Rates rising doesn't help.

Idk about big4, but MM got activities.

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