Evercore’s Schlosstein Sees Pent-Up in Dealmaking Activity

WATCH: “The active dialogue with clients is way up, new engagement letters is up and conflicts clearances are up somewhere in between those two,” Schlosstein says.Source: Bloomberg
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Ralph Schlosstein, chairman emeritus at Evercore Inc., said there’s a significant amount of pent-up activity in dealmaking though some of the announced transactions could be under threat from economic uncertainty.

“There’s definitely some pickup in the announced activity if you look at the first eight months or so this year,” Schlosstein said in a Bloomberg Television interview on Friday in London. “The active dialog with clients is way up.”