Murphy’s Law of office sports

You can drop hints to your M&A team about how great the debt markets are, or even put on puppy dog eyes when meeting your private equity clients, but when there’s no harmony between buyer and seller, there’s no LBO. And when there are no LBOs, there’s lots of head-scratching/knocking-off-early/test-match-watching/bonus-worrying among leveraged loan bankers.