{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Aperiam Podcast","title":"The M&A Playbook","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/70a47794\"></iframe>","width":"100%","height":180,"duration":2089,"description":"In this episode, Corey and Joe sit down with Jake Vachal, Managing Director at Raine — a leading banker with a practice focused on Adtech. Jake discusses what's really driving M&A activity right now: a more deal-friendly regulatory environment, PE firms pushing hard for liquidity, and boards grappling with existential questions about their equity story in a world being rapidly reshaped by agentic AI. He shares what he actually looks for when deciding to represent a company, why profitable growth now trumps revenue multiples, why private markets currently offer better outcomes than an IPO, and how AI compressed a typical two-to-three-year market cycle into just three months in 2025. ","thumbnail_url":"https://img.transistorcdn.com/BFE3tB87KCFvGIG1_kQzVG7YMo47VodG83SrwRxKOjY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8wMGRk/YmE2NDM0OWY4NTU5/MjdiOGE4NWUzMDBi/NGMwYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}