M&A: Bubble Bursts

M&A: Bubble Bursts


That could continue for longer depending on the how long it takes markets to find a footing, he adds. “This is an environment where people don’t want to assign valuations to assets,” says Varoli, echoing the words of senior M&A bankers at bulge bracket firms active in Brazil.  Luiz Muniz, head of Rothschild Brazil, says pure M&A activity has been declining and will continue to fall substantially in coming months. “In order for transactions to take place you need to have predictability and people need to be comfortable with the future outlook,” he notes. Both elements were sorely lacking last month. A dearth of debt financing adds to the low level of conv

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