Goldman Sachs' CEO David Solomon offered an optimistic view on the dealmaking landscape, mentioning a 'backlog' of transactions, hinting at a potential resurgence in M&A activity after a prolonged slump.
Solomon's prediction is supported by the bank's increased underwriting revenue, driven by private-equity firms gearing up to engage in deals again after a period of inactivity affected by the slowdown in M&A.
The revival of M&A is not only beneficial for bankers but also for the broader economy, allowing startups to monetize, enabling larger companies to expand through acquisitions, and stimulating economic flow.
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