Matt Wertz

Right now, it's like the rainy season just happened.

All the grasses are growing and the population is booming and everyone's feasting.

Right.

So what we're seeing is a boom in very large, what we call mega deals, which technically is over 10 billion in value, but we are seeing over 30 billion in value, over 40 billion in value, over 50 billion in value.

So these are very big leveraged buyouts.

They involve a lot of debt.

And what the debt does is, first of all, allows the buyer to make a larger offer, which is important in deals like

Warner, where there's a bidding war going on.

And the other thing it does is it potentially improves the return on their own equity investments.

And we're seeing really just a boom in the last two to three months.

We're seeing the bidding war on

Warner, between Paramount and Netflix, of course.

We saw Silverlake's bid for Electronic Arts, the video game studio.

That involved a big check from Saudi Arabia's sovereign wealth fund.

We saw a massive deal, BlackRock and a couple of other partners made for Align data centers.

So we are really in the most recent heyday

The biggest deal boom we've seen, I would say, since 2015.

Yeah, there's a couple of things.

Like one is obviously the Trump administration, right?

These large deals, they often involve very large companies coming together.