Partner Steven “Steve” Hilfinger was quoted in a Crain’s Detroit Business article titled “Biggest Deals 2021: M&A was red-hot in Michigan last year — and likely to stay that way.” The article reviews merger and acquisition activity for 2021, which set records, and provides an outlook for 2022 corporate dealmaking.
“’If you look at it by historical standards, 2020 and 2021 were great years for M&A,’ said Steven Hilfinger, partner at Foley & Lardner LLP whose practice focuses on M&A deals. ‘A lot of that is driven by strong public markets and a lot of available private capital, and then being able to borrow at a low rate — that's all fuel for a good market.’”
An anticipated increase of low interest rates that helped fuel deals last year could have a drag on transactions, Hilfinger said. That's not to say M&A activity won't be strong, he said, but it may not reach the record levels of last year.
The full article can be read at Crain’s Detroit Business (subscription required).