Middle-market dealmakers polled shortly after the election reported a significant drop in M&A activity, according to the Mergers & Acquisitions’ M&A Conditions Index (MACI). The composite score fell to 50.8, down from 55.4 the previous month. All components of the index registered a slow-down. “November itself held a lot of uncertainty,” as one survey participant put it.
Despite the short-term lull, 48 percent of the 250-plus survey respondents predicted the election outcome would result in an increase in mid-market M&A. Nearly 42 percent forecast the same level, and only about 10 percent said the impact would be less activity.