Galaxy's Michael Ashe says there is more 'receptivity' to M&A amid the crypto market slump.
The pace of M&A in the first half of 2022 exceeded last year’s record pace, though industry experts disagree on whether activity will be suppressed during the second half of the year.
"Overall, there is a lot more receptivity to the idea of M&A in this market environment," Galaxy's head of investment banking Michael Ashe said in an email to The Block. Indeed, a plunge in prices precipitated significant liquidity issues for some firms, from lenders like Celsius and Voyager to funds like Three Arrows Capital.
The heightened activity would continue the first half of the year's hot streak. New data from merger and acquisition advisory firm Architect Partners shows the M&A market was red-hot in the first half of 2022.
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