A myriad of geopolitical uncertainties, a demanding regulatory environment and macroeconomic forces, including persistently high inflation, rising interest rates and concerns of potential recession, weighed heavily on dealmaking last year. Unrest in Ukraine and the Middle East, combined with an ensuing increase in energy prices, have further hampered European businesses. Given the over-aggressive monetary policies followed by central bankers around the world, the financing and the syndication markets have also remained subdued.