New M&A Cycle Just Beginning: Sullivan & Cromwell's Aquila

The video discusses recent mega deals and the questions surrounding future market activity. It highlights the impact of the post-pandemic economy on mergers and acquisitions, suggesting a new cycle of consolidation. The potential for bidding wars is explored, with emphasis on sector-specific activity. Risks such as Black Swan events and central bank actions are considered, alongside the importance of liquidity and low interest rates. The video concludes with a discussion on sector-specific deal valuations, noting that tech and healthcare can afford higher premiums due to growth potential.

What role does the savings rate play in the post-pandemic economy according to the text?

How does the current economic environment influence the beginning of a new M&A cycle?

What trends are observed in the premiums companies are willing to pay for deals across different sectors?