ECM update: US shutdown ends, UK budget on the horizon, AI bubble possible
Sam Kerr, Mergermarket’s global ECM editor and head of Mergermarket in EMEA, joins Dealcast host Julie-Anna Needham to discuss the global ECM outlook, including:Why the end of the US government shutdown may not lead to a flurry of new listings, potentially forcing IPOs to 1Q26;How the US markets have performed and which listings haven’t been able to maintain their outsized pops from their IPO date;How companies are faring on the LSE, including Shawbrook, Beauty Tech, and Princes, and what the signaling about the country's budget could mean;How the potential AI bubble could impact markets worldwide.All this and more in this week’s Dealcast.
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French political gridlock hurts country's start-up aspirations
Arezki Yaiche, Mergermarket’s France-based bureau chief, joins Dealcast host Julie-Anna Needham to discuss the French political situation and its impact on the business community, including:How the political turmoil began when President Emmanuel Macron called a snap election in 2024 and why it has persisted;What items could be up for debate in the budget, like a possible end to an R&D tax rebate that has encouraged family offices and other investors to fund tech companies;How the instability is impacting France’s credit rating and foreign investor sentiment;Which unicorns stand out amid the chaos, like Mistral AI, and why particular industries may continue to perform well.All this and more in this week’s Dealcast.
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Private credit woes, Trump tariffs coerce US corporate right-scaling
John West, Mergermarket’s global commentary editor and author of our weekly Continental Drift column, joins Dealcast host Julie-Anna Needham to discuss how corporates can navigate the new trade realities, along with other macroeconomic risks and opportunities. What is the real impact of First Brands and Tricolor on capital markets pipelines?How strong are the parallels between the boom in AI investment and the dotcom bubble?Could M&A financing become more expensive even if the Federal Reserve cuts rates?All this and more in this week’s Dealcast.
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Electronic Arts faces tough regulatory landscape in EU, China
Reuben Miller, Mergermarket’s global chief regulatory editor, joins Dealcast host Julie-Anna Needham to discuss why the antitrust review of the deal is likely to be relatively straightforward, despite the risks from other processes.Could China seek concessions from the Trump administration in the midst of the ongoing trade war?Will the Committee on Foreign Investment in the US give PIF an easy ride given the involvement of Trump’s family?Could regulators seek a data firewall to prevent PIF gaining full access to information on EA’s gamers?All this and more in this week’s Dealcast.
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Why investors are shifting positions on the energy transition
Carlos Martinez, Mergermarket’s energy editor in the Americas, joins Dealcast host Julie-Anna Needham to discuss the energy landscape including:Which sponsors are investing in a wider range of energy assets, like BlackRock’s recent agreement to purchase utility company AES for USD 38bnWhy the changing approach to utilities investments may spark state-level policy pushback in the USWhy more renewable energy-focused investors may begin to look toward opportunities in CanadaHow strategics are circling energy investments by funding plants and entering into power purchase agreementsAll this and more in this week’s Dealcast.
Colombia