The first quarter failed to deliver the pickup in mid-market deal activity many bankers had anticipated heading into 2026. Instead, widening valuation gaps between buyers and sellers—compounded by ongoing geopolitical uncertainty—have kept transactions on ice. Bankers we spoke to suggest the logjam is unlikely to break soon, setting a cautious tone for the months ahead. Here is our monthly deal analysis.

To read the entire story, you must be logged in.
Please log in now or register with us.