Deal flow

"I don't buy that the world is coming to an end," says Cassel Salpeter's James Cassel.

M&A for small companies worth between $100 million and 500 million increased by 27 percent in 2022 compared to pre-pandemic levels.

Bankers say there are several reasons for the malaise.

The current marketplace is operating within a "risk-aware construct," in which financing providers of all types are attempting to balance an abundance of liquidity with a greater consciousness of prevailing economic and market conditions.