Financing M&A

What a difference a year makes! Although the signs of a recession and credit crunch were apparent early last year, few people, if any, were able to imagine the magnitude of either the recession or the credit crisis. The recession is deep, global, and of a magnitude not seen in decades. The credit market has virtually collapsed in all areas of the world and even after large infusions of governmental support by countries all over the world, credit availability is still limited.