The conditions are there for an "upsurge" in mergers and acquisitions, Laurence Grafstein, co-head of mergers and acquisitions at Rothschild North America, told CNBC Thursday.
Grafstein has advised on more than $500 billion worth of deals in his 20 years on Wall Street.
"What you're really seeing is a turn in the mentality, and that starts at the CEO level and the board level. They want to pursue growth, and when you look at the fixed income markets, when you look at cash on the balance sheet, you look at globalization markets there is a lot of underlying forces driving it," Grafstein said.