The slowdown in announced M&A activity is stinging numerous businesses behind the scenes, especially those which rely on a robust deal environment. Standard & Poor’s, known for rating corporate debt, last year acquired the corporate value consulting division of PricewaterhouseCoopers. And S&P Corporate Value Consulting (CVC), with 400 professionals under its wing, has felt the discomfort of notably slower deal flow this year and for most of last year.
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