“What you will see now is the valuation arbitrage,” said Citigroup’s head of banking, whose team advised Boeing on a sale of assets to Thoma Bravo this week. He sees more deals on the horizon. “If you liked a company at 100, for sure you’ll like it even better at 80, or 75. What you will see now is the strongest balance sheets, the best names; there’s financing available, there’s a ton of capital waiting to be deployed”
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