![Mergercast by Strategy& show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/057/423/small/mergercast-by-booz-and-company.jpg)
Summary: In this 50th episode of our show, Strategy& Senior Partners Gerald Adolph and Tom Flaherty, Strategy& Partner J Neely and PwC Deals Partner Gregg Nahass look back at the deals environment in 2006, the year the Mergercast by Strategy& podcast was launched, and contrast it with the M&A environment as it stands today. The four panelists also explore how the deal-making process has changed over that time, the importance of capabilities in mergers and acquisitions, the return of the megadeal, and the role of velocity and impatience in transactions.