This week we continue our conversation with Marc Daniel, managing director, mergers and acquisitions, SunTrust Robinson Humphrey. STRH is recognized as a top provider of M&A services for deals under $500 million and has executed hundreds of transactions for private and public companies, as well as financial sponsor firms, across a wide variety of industries and market capitalizations. Second of two parts – View part one.

TLL: Do you manage both investment grade and non-investment grade transactions?

MD: My business is mostly middle market. But if you’re an investment grade issuer, having the cash has an impact, because the ability to finance investment grade deals is critical.

TLL: What kind of sectors are seeing more activity? Or less activity?

MD: The charts we showed at the Symposium had a number of different outcomes, depending on whether historic or prospective. They are also based on dollar amounts, not number of deals, so power and energy and TMT skew higher than one would think. On the private equity side, we see the most activity in consumer products and services, technology and healthcare.