Economy

JPMorgan M&A chief urges potential buyers be proactive, sees greater health deals By Stocksak


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By Abigail Summerville

NEW YORK (Stocksak) – Companies that are considering acquisitions should use a slowdown in deals to scope out potential targets, Anu Aiyengar, global co-head of mergers and acquisitions at JPMorgan Chase & Co (NYSE:), said Wednesday.

M&A activity has stalled in the face of uncertainty over valuations, interest rates, inflation, recession prospects, consumer demand and regulation, Aiyengar told an Axios conference in New York. She said that companies should still build relationships with potential targets to be ready to strike when conditions improve.

Aiyengar said that this was the ideal time to “proactively approach the seller to establish a relationship so that you are the first to call whenever the seller decides it is to sell.”

After the recent boom in technology transactions, she expects that healthcare deals will be more prominent. Healthcare M&A has typically risen during historical downturns, she said.

Aiyengar stated that this is a great environment for large companies and private-equity firms with cash who want to buy. They can pay for acquisitions mostly with cash.

The executive opened with a comment on Elon Musk’s buyout of Twitter Inc (NYSE:). Aiyengar stated, “The company, our customer Twitter, plans to close this deal on the previously agreed price & terms.” Twitter’s financial advisors are JPMorgan and Goldman Sachs (NYSE :).

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