• M&A and Capital Markets Update Q1 2012

    The first quarter of 2012 resulted in strong middle-market M&A activity, below the rapid pace of activity in 2010 and 2011, but greater than 2008 and 2009. Activity continues to be fueled by a surplus of cash on corporate balance sheets and uninvested private equity capital, along with a favorable tax environment and motivated owners looking to exit businesses.