Perella CEO Sees M&A Rebound Shaping Into a ‘Slow Walk Back Up’

Perella Weinberg Partners Chief Executive Officer Andrew Bednar said more corporate leaders are discussing strategic deals, adding to signs that a slump in mergers and acquisitions is giving way to steady growth.

“You’ve got larger deals, you’ve got some significant stock-for-stock deals — the board rooms are very active,” Bednar said in an interview with Bloomberg TV. “That’s a harbinger for future activity. It’s a slow walk back up — but it’s an encouraging one.”

Companies seeking expansion to satisfy shareholders are leading the rebound, and private equity sponsors will follow, he said. M&A activity is brewing in “every sector,” ...