The strong momentum of global M&A activity has not let up this summer, with more than €500bn transacted in July and August alone, raising the total figure to more than €3tn so far this year. The record activity level evidenced the asymmetric recovery of economies worldwide, the strong appetite from financial sponsors and strategic players, and the abundant availability of capital from traditional and alternative lenders.

In this context, companies need customized solutions to accelerate their business transformation, consolidate their market position or even stabilize their balance sheet. It is increasingly relevant to find partners who have an independent judgment, expert capabilities, and truly global reach. This high conviction approach has yielded strong results for our clients and investors across all our businesses.

As we approach the year’s final months, we believe that the conditions driving this gradual, yet asymmetric, recovery will continue.