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During the IMAP Fall 2022 Conference in Bilbao IMAP Chairman Jurgis V. Oniunas was interviewed by Maite Martinez from El Economista regarding the future of M&A amid current market uncertainty and high inflation.

Click here to read the original interview in Spanish and here to download the pdf.

Please see the full article translation below.

“There are trillions in liquidity to invest, but conditions are going to change.”

IMAP, an organization that advises on mergers and acquisitions (M&A) in the middle-market (transactions up to $500 million) and with 450 professionals and a presence in 41 countries, recently held its international conference in Bilbao, where its Spanish partner, IMAP Albia Capital, is based.

The Chairman of IMAP, Jurgis Oniunas, analysed for elEconomista.es the future of the M&A sector under the current state of uncertainty and high inflation, where he affirms that “large transactions will suffer more” and that high quality investments will be sought. He also predicts the structure of transactions changing in order to reduce investor risk, since “money is more expensive, there is less appetite, and more uncertainty”. Despite this, Jurgis Oniunas is confident that liquidity is not going to disappear, “there are trillions and trillions of dollars to invest, but we are going to see less of it on the market.” IMAP expects to close the year with more than 200 completed deals worth approximately $23 billion.

Why did you choose Bilbao for the IMAP international conference?

IMAP holds two conferences a year, in spring and autumn, and we usually host them in countries where our member firm firms are present. The previous one was in Paris and several years ago in Barcelona. Now it was time to discover Bilbao.

What are the objectives of this meeting?

In addition to discussing the economic situation, the more than 100 professionals from 34 countries in attendance will exchange ideas and opportunities regarding companies and investors from their different markets. IMAP partners know their local business culture and bring to the table opportunities for investments to help develop local industries and companies.

What are IMAP’s operational forecasts for 2022?