Deal activity took a sharp turn down this past week, with only two announced deals over $1 billion, including a massive $15 billion buy of Toshiba by Japanese private equity firm Japan Industrial Partners. The deal was brokered in part by Davis, Polk & Wardwell and Morrison Foerster.
In addition to the two deals over the $1 billion mark, there were two SPAC mergers as well as 11 debt issuances over $500 million. And as has been the case for most of the last year, there were no new IPOs or SPACs.
