Pessimism Pays – Dealbreaker



A epigram for this year in dealmaking might be, “beggars can’t be choosers.” With inflation soaring; interest rates following suit; and a panoply of geopolitical uncertainty ranging from the largest land war in Europe to the growing Cold War between China and the West to the continuing dysfunction of the United States to the apparently non-clear answer to the question, “Will the British prime minister torpedo her own economy in memory of the Queen?” few companies have the stomach for going ahead with any kind of substantial transaction. And so if one comes your way, no matter how dodgy the deal or the environment in which it is being made, you jump on it.



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