"The times, they are a-changin', and for many middle-market dealmeisters, they
are a bit confounding, too."
So began an Oct. 1 story by The Deal's Vyvyan Tenorio examining the impact of
this summer's credit crunch on the middle market. While the credit freeze
threw megabuyouts into the spotlight even more, the impact on the middle
market — where there are many more deals and dealmakers, as well as less
liquidity and tougher terms of late — has received less airtime.
Continue reading below
A panel at The Deal's M&A Outlook 2008 on Nov. 7 at the Ritz-Carlton
Battery Park in New York will address: the effect on middle-market companies
and sponsors after the tightening, alternative financing sources for midsized
companies and what the implications are for those in need of refinancing.
Tenorio will moderate a discussion with Steven Dresner, the president of
Chicago-based middle-market investment bank Dresner Partners, and Michael
Lyons, a senior managing director with New York middle-market PE firm
Lincolnshire Management Inc., which has announced deals as both buyer and
seller since the markets froze, suggesting there are opportunities for the
savvy middle-market player.
Indeed, middle-market deals are dominating the acquisition landscape right
now, Dealscape's Gerald Magpily points out: Eight of the top 10 domestic deals
and nine of the top 10 international deals for the week ending Oct. 19 were in
that realm. — Carolyn Murphy
See
Tenorio's Oct. 1 examination of the current middle market landscape
See
Middle Market Dealwatch
See earlier Dealscape conference coverage:
The
Deal's PC Symposium: Middle Market
The
Deal's Innovative Financing Event: Credit Crunch/Middle Market
