Reporter George White speaks with Mike McGill, co-founder and managing director of investment bank MHT Partners, at the ACG InterGrowth 2012 conference in Dallas. McGill addresses the ways in which dry powder from private equity firms is affecting tech sector valuations and the impact of capital gains taxes on deals in the pipeline. He also provides his outlook for how large strategic buyers in the middle-market tech sector will fare. For more from ACG Dallas, watch watch "CBIZ's Stuart Anolik on Vodafone's India tax ruling," "Highland Capital's Boyce on distressed midmarket opportunities" and "Allegiance Capital's David Lonsdale on lower midmarket M&A." - Sarah Hashim-Waris
Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
Apax Partners offers $1.1 billion for Rue21, the same teenage fashion chain it took public in 2009. More video