There were no megadeals over $5 billion in value reported this past week, but there were eight announced deals over $1 billion, as 2024 continues to outpace 2023 in the amount of deal value. The availability of capital may be partly fueling deal flow, according to a recent examination by S&P.
The ratings company predicts a “flat to 10% growth” in capital markets revenue for institutional lenders for 2024 after another down year in 2023. That’s likely good news for the banks and the law firms that represent them.
