Justin Abelow, Managing Director in Houlihan Lokey’s Financial Sponsors Group, spoke to The Wall Street Journal about the current surge in M&A deal activity. "Instead of seeing 15 halfhearted bids that are almost vague expressions of interest, we may see four to five bids at a higher valuation," Abelow said of the narrower sale processes, "where the bidders have done material amounts of diligence work ahead of the bidding."