‘A Period of Returning Activity’: Evercore’s Schlosstein Upbeat on M&A

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Mergers and acquisitions have fallen off from their recent record pace, in part because of of higher interest rates. Evercore Chairman Emeritus Ralph Schlosstein put it down to “economic uncertainty that is the enemy of M&A.” But, he said, these things historically have gone in cycles. He predicted “an extended period of increased activity,” partially because of “pent-up demand on both sides of private equity.”