A new year and a new presidential administration are good omens for the investment banking sector, according to practitioners in the greater San Fernando Valley region.
David Bonrouhi, managing director at Calabasas Capital, an investment banking and M&A advisory firm, said if policies President-elect Donald Trump talked about during the election go into effect, such as more infrastructure building, that would benefit companies in construction and related industries.
Bonrouhi anticipates more interest by investors in companies operating in the infrastructure, energy and industrial production sectors.
“If Trump can get the economy growing at 4 percent, 5 percent, I think the strength in the M&A market is going to be broad based, including consumer products and services and business services in general,” Bonrouhi said.
Read the full story in the Jan. 9 issue of the San Fernando Valley Business Journal.