- Companies have been reporting a bit of a turnaround in expectations for M&A advisory, but Moelis is the exception.
- They're still producing double-digit growth on monster 2021 comps thanks to defensive M&A and sponsor businesses.
- The insight here is that sponsor-based businesses are doing well and are extra resilient, and like with PJT Partners, restructuring will still need to take off.
- It's possible that Moelis is high tier enough where they can keep the party going in M&A even in a downturn.
For further details see:
Moelis Manages To Sustain M&A-Based Growth