May 10, 2020 at 9:22 am
#37711
Jay Bajaj
Participant
I believe the number of transactions globally will definitely decrease, but I believe there will be some activity. There are still companies with great balance sheets and strong infrastructures/supply chains that can take advantage (I was on the sell side to a Fortune 50 in 2008). The Fortune 50 company gave out their first dividend ever during our Due Diligence process early 2009 and had leverage to really drive down purchase price in rough times.