Nov 7, 2024 - Business
Carlyle CEO expects post-election dealmaking surge
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Private equity giant The Carlyle Group on Thursday reported $367.1 million in distributable earnings during Q3 2024, beating analyst expectations.
What they're saying: CEO Harvey Schwartz told analysts that he expects existing economic tailwinds to intensify now that the election has been decided, which should increase dealmaking.
- He added that "certainty" would be the driving factor, more than Trump policy vs. Harris policy, although did note that CEOs are more likely to attempt deals now that Biden's antitrust regime is expected to depart.
Thought bubble: It's not clear why dealmakers are convinced Trump will be an M&A pushover. His prior administration's FTC and DOJ did take narrower views of their mandate, but did try to block plenty of deals.
