Christopher Cain Discusses M&A Rebound Led by Strategic Buyers

Foley & Lardner LLP partner Christopher Cain is quoted in the Mergermarket article, “Strategics strike first to catch M&A on the rebound after 2023 doldrums,” offering insight on the prospects for an M&A resurgence led by strategic buyers.

Cain explained that more strategics are re-entering the M&A market and finding it “kind of welcoming” right now. He said this year has started better than the last, which he attributed largely to an “element of certainty” because the Federal Reserve has ceased raising interest rates. Cain noted that while this has brought both strategics and private equity (PE) out of the woodwork, PE remains largely sidelined as it is still under pressure from the high cost of debt.

PE is having a “working through it year,” Cain said. “I think it’ll return to normal, but I don’t think it’s going to be 2024. It might be 2025-2026 from the private equity side.”

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