Investment Banking

Quarantine’s a price worth paying to get on a mega deal, bankers say

A lack of physical meetings has contributed to a dearth of M&A transactions, which are also being held back by huge uncertainty created by the Covid-19 crisis

Take off: Bankers are prepared to risk a stay in quarantine to get deals done
Take off: Bankers are prepared to risk a stay in quarantine to get deals done Photo: Getty Images

Investment bankers would be willing to plunge into self isolation for two weeks under new UK quarantine rules for travel, if it meant securing a lucrative role on a big deal.

With M&A bankers itching to get back on the road as deal volumes remain in the deep freeze during the coronavirus pandemic, some senior dealmakers admit privately that a two-week quarantine period would be a price worth paying to be in the mix for a large transaction, according to conversations with three senior bankers.

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