Beyond The Obvious

Debt Capital Markets have seen a period of record-breaking supply post-Labor Day, particularly around the AI and AI adjacent space and the recent flurry of U.S. data center transactions.

As we approach the end of the year with full-year issuance up 9% on gross supply this year and trillion-dollars maturing next year, what should issuers be aware of as they plan their next moves?

In our latest episode of Markets Mindset, filmed on November 24, 2025, Mizuho’s Head of Investment Grade Capital Markets and Syndicate, Victor Forte, is joined by Moshe Tomkiewicz, Head of Investment Grade Debt Capital Markets, for a discussion on DCM activity, including the impact of the current supply, recent spread levels, view on duration, expectation of Fed decision on rates and early 2026 market predictions.

Victor and Moshe share insights on the recent pace of long-dated bonds supply, whether there is elevated tail risk within the credit market, the increase in money market funds and how hybrid capital is being used within M&A.

Hear from our experts as they give their market predictions for the remainder of Q4 and heading into next year.

Europe’s M&A landscape is undergoing rapid change. A softening economy, rising energy costs and global competition are forcing companies to refocus and redefine their core strategies. For many, that means divesting non-core assets and accelerating transformation through targeted acquisitions.
 
Michael Cramer, Managing Director, Greenhill Industrials Frankfurt, explores how European and German companies are navigating these headwinds and why every crisis still presents new opportunities for growth and reinvention.
 
Tune in for analysis into how strategic M&A can help businesses adapt and thrive amid Europe’s evolving landscape.
 
Discover expert insights and global perspectives from Mizuho | Greenhill, your bank for M&A. 

Asia is a global growth hotspot, with a digitizing economy, rising middle class and accelerating urbanization driving strong M&A activity. From digital infrastructure to consumer, financial services, and industrials, the region has seen ~$6 trillion in transactions over the last five years.

Arnaud Granger, responsible for Greenhill’s M&A business in Asia, discusses how financial sponsors, local and regional conglomerates, and private equity are pursuing growth, scale and consolidation opportunities across Asia and developed economies. He also explores the challenges of navigating fragmented regulations, relationship-driven networks and market complexity.

Tune in to hear expert insights into Asia’s evolving M&A landscape and what it means for global companies.

Discover expert insights and global perspectives from Mizuho | Greenhill, your bank for M&A. 

From slowing volumes to evolving sector trends, the Spanish M&A market has seen several developments shaping dealmaking activity in 2025. As the year progresses, what are the key challenges and opportunities for companies and private equity targeting Spain?
 
Javier Gonzalez, Head of Greenhill Iberia, examines how private equity continues to drive buy-side activity, how consolidation is reshaping industries like telecom and how disciplined valuations are influencing deal structures.
 
Hear expert analysis of Spain’s current M&A landscape and what these trends may mean for interest in Europe and beyond.
 
Discover expert insights and global perspectives from Mizuho | Greenhill, your bank for M&A.

The Nordic region continues to outperform much of Europe when it comes to M&A. Combining stability, low inflation, and well-capitalized markets, it remains a magnet for private equity and corporate investment.

Mats Bremberg, Head of Greenhill Nordic, explains how private equity remains a driving force, with roughly 14% of all European PE investments flowing into Nordic portfolio companies. Meanwhile, a resurgent IPO market is reigniting confidence among financial sponsors and corporates alike.

Explore why the Nordics continue to punch above its weight in European M&A, and what’s driving renewed optimism across the region.

Discover expert insights and global perspectives from Mizuho | Greenhill, your bank for M&A. 

Australia remains one of the most attractive destinations for foreign investment, supported by low sovereign risk, a transparent regulatory framework and a favorable exchange rate. The country averages approximately A$60 billion in transactions annually, with a similarly active private treaty mergers & acquisitions market.

Richard Phillips, Chairman of Greenhill Australia, highlights while deal completion risk continues to be a factor, disciplined structuring and the prevalence of all-cash offers have improved success rates. With strong cross-border participation, the Australia market continues to offer compelling opportunities for global companies seeking stability and growth.

Tune in to learn how global capital is shaping M&A trends across Australia’s resilient and resource-rich economy.

Discover expert insights and global perspectives from Mizuho | Greenhill, your bank for M&A.

From shifting political environments to macroeconomic uncertainties, the European market has seen several trends that have influenced dealmaking activity in 2025. As we move into the end of the year, what are the challenges and opportunities for corporates looking to Europe?

In this episode of M&A Corner, Mizuho | Greenhill's Co-Head of Corporate Finance and Head of M&A, Kevin Costantino, sits down with two of our European colleagues to examine the current state of dealmaking in their nations – Amélie Oyarzabal, Head of Greenhill France, and Dean Rodrigues, Head of Greenhill U.K.

Our guests discuss key M&A deals in 2025 and give their analysis of the current M&A landscape across Europe and how this will impact the U.S. and global markets.

Is the long-awaited return of the IPO market finally upon us? This year, the IPO market is on track to surpass last year’s ~$30 billion of issuance, as tech IPOs rebound and a wave of diversified companies hit the market, led by tech, industrial, defense and sponsor-related transactions.

As we head into the remainder of the year, what are the key trends that equity capital investors should be looking out for?

In our latest episode of Markets Mindset, Mizuho's Head of Equity Capital Markets, Josh Weismer, is joined by Managing Director of Equity Capital Markets, Richard Soto for their mid-year outlook on the industrials, consumer and TMT sectors.

Our experts outline their post-Labor Day outlook, anticipating a rise in IPO activity across TMT areas – including companies benefiting from artificial intelligence tailwinds, cryptocurrency, broader fintech, cybersecurity and infrastructure software. They also touch on Mizuho’s recent deals and give their thoughts on the expected Fed’s rate cuts in September and the potential impact on financial sponsors.

Hear our reflections on the IPO market year-to-date and where we see equity capital markets activity trending into Q3 and beyond.

Investment Grade Debt Capital Markets are seeing strong momentum this summer, with year-to-date supply pacing toward the second-largest year on record, following the highs of 2020.

In this latest episode of Markets Mindset, Mizuho’s Head of Investment Grade Capital Markets and Syndicate, Victor Forte, is joined by Moshe Tomkiewicz, Head of Investment Grade Debt Capital Markets, for a deep dive into Q3 DCM market dynamics.

They discuss what’s driving current conditions in the IG new issue and broader DCM landscape, including strong investor demand, tight spreads and copious amounts of excess liquidity. With financials leading supply and corporates remaining flat year-over-year, our experts break down how technicals are shaping strategy, the influence of government spending and private credit, and where risks may emerge as rate expectations evolve.

Hear their insights on current conditions, how long they may last and what issuers should prioritize in the second half of 2025.

In the current era of must-see live sporting events, sports leagues and teams are becoming increasingly attractive to private equity investors. 

In part two of this installment of M&A Corner, Mizuho | Greenhill's Co-Head of Corporate Finance and Head of Greenhill International, Kevin Costantino, continues his conversation with Stephen Amdur, Partner at Pillsbury Winthrop Shaw Pittman LLP, as they discuss the growing appetite for institutional investment in the sports industry.

Stephen provides his insight into the world of finance for professional sports teams and leagues, with the discussion exploring the rigor required to manage successful sports deals and the opportunities that exist for private equity investors in professional sports.

In this episode, our experts analyze the evolving sports landscape in the context of law and finance and cover topics such as the developing secondary market, the international market for sports franchises and how this investor interest impacts college sports.