Written by Parabellum Investments
31 Jul
In this article for IFLR, Rami Cassis argues that expectations of a near-term rebound in US mid-market M&A are misplaced. Instead, he warns that deal activity in this segment is likely to decline further in the second half of the year, driven by ongoing political and economic instability.
Cassis points to multiple headwinds impacting the market: uncertainty around US tariff policy, high interest rates, and growing hesitation among both domestic and international buyers. He highlights that mid-market deals – typically ranging between $50–250 million – are more vulnerable to these pressures, especially as smaller firms lack the financial buffers of larger institutions.
He also notes that deal fatigue, weak IPO markets, and other risks tied to US policy under the Trump administration are compounding the problem. With fewer exits, declining cross-border interest, and a fragile market psychology, Cassis urges caution and predicts a tougher road ahead for mid-market transactions.
Read the full article here.
