Davis Polk partner and Mergers & Acquisitions practice head Will Aaronson shared his thoughts on deal activity throughout 2023 with Bloomberg.

An uncertain economic outlook and regulatory landscape resulted in a slowdown of transactions. “I felt differently about the market every few weeks,” Will noted. “A flurry of new deals did not always result in a ramp-up of sustained activity and processes tended to be more erratic.”

Dealmakers to Miss $3 Trillion Mark for First Time in 10 Years,” Bloomberg (December 19, 2023) (subscription required)