Over the past couple years, private equity activity hasn't fluctuated too wildly. PE firms that say they're trying to invest are walking the walk, according to the numbers, with quarter-over-quarter consistency in deal flow and value, despite questions around deal sourcing. Where you see the big, market-shifting moves in the M&A landscape, however, is with strategics. This is one of the key differentiators between today's climate and that of 2007, when PE firms were leading the charge of mega-acquisitions.
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