BNP's Conlan Sees Banks More Willing to Underwrite M&A

The video discusses the current state of the M&A market, highlighting the shift from financing to valuation as the primary challenge. It explores the complexities of executing deals, especially for private equity firms, and the importance of timing and market approach. The video also examines the risk appetite of banks and their willingness to underwrite, noting an increase in bank participation due to improved liquidity and favorable terms.

What is the current primary challenge in the M&A market according to the transcript?

• Market competition

• Regulatory issues

• Valuation

• Financing

What factor is crucial for banks to consider when underwriting in the current market?

• Regulatory changes

• Interest rates

• Creditworthiness

• Market trends

Why are more banks now prepared to underwrite deals?

• Increased competition

• Improved market conditions and liquidity

• Higher interest rates

• Regulatory incentives

What has changed in the underwriting terms that makes private capital direct lending attractive?

• More favorable terms from banks

• Lower interest rates

• Higher risk tolerance

• Increased regulatory support

What indicates the banks' readiness to underwrite based on the transcript?

• Increased competition among banks

• Market support and buy-side appetite

• Higher interest rates

• Regulatory changes