Founder and Managing Partner, TAG Financial Institutions Group, LLC. Mergers and acquisitions and capital raising advisory.
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Experienced strategic and financial investors are no strangers to crises, having navigated through several, from the 1987 stock market crash to the 2008 financial crisis. When the Covid-19 pandemic hit, those with long tenures in the industry had the advantage of experience, but only to an extent—because this pandemic created a real sense of panic, and there was no playbook for it.
In discussions with investors, and having experienced three significant previous crises myself (starting with the stock market crash of 1987), I’ve observed a common theme. Crises present either volatility, a market disconnect or interruption or a lack of supply and demand of transactional capacity. Covid-19 caused volatility and a market disconnect but didn’t drastically diminish a supply of capital or demand of transaction activity.
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