PwC on Deals: Reinventing M&A Structures for a Changing Market

PwC partners Kevin Desai and Chris Rhodes join this episode of The Dealist podcast to explore how deal structures are evolving as capital markets grow more complex — and why sticking to the old playbook may now be the biggest risk.

As Chris highlights, deal complexity isn’t something to avoid — it’s where opportunity lives. With new sources of capital emerging, dealmakers need to rethink how they structure transactions and stay open to approaches that better fit today’s environment. The key takeaway: don’t be afraid of where the money comes from — make sure it’s right for your business, your deal and the governance needed to drive value.

What you’ll learn:

• Why the real risk today is doing deals the way you always have
• How evolving deal structures are reshaping M&A strategy
• The difference between private capital and private credit — and why it matters
• How tailored capital solutions can unlock new opportunities
• Why governance and active partnership are critical to realizing value

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Further reading: H1 2026 Global M&A Dealmakers Sentiment Report. Produced with Reuters Events, our annual survey reveals how 400 corporate and PE professionals expect disrupted deal pipelines, regulatory changes and ongoing geopolitical risks to shape dealmaking in H1 2026. Download here.