NEW YORK ( TheStreet) – As a year dominated by megamergers comes to a close, middle-market M&A in 2015 should increase as confidence among dealmakers trickles down to mid-cap companies, Richard Jeanneret, the Americas vice chairman of transaction advisory services at Ernst & Young told attendees at the Deal's Deal Economy Event in New York City on Thursday.
"Middle-market M&A has been down, but I think the large deals will help bring out the middle market," Jeanneret said.
Others sitting with Jeanneret on the panel, Sense of the Markets: International Tension and Competition, agreed.
"The smoke has finally cleared from the crisis, and I think CEOs are more confident doing M&A," said Joseph Sullivan, the president and CEO at asset manager Legg Mason.
Middle-market deal flow, along with the effects of shareholder activism, were among the topics discussed by the panel, which also featured Saguenay Strathmore Capital chairman and CEO Brian Walsh and Stephanie Link, CIO at TheStreet.com and co-portfolio manager of Jim Cramer's Charitable Trust.