At The Deal's Fifth Annual Private Capital Symposium, Steven Rattner, managing director of DLJ Merchant Banking Partners, spoke about the effect the economy is having on middle-market deals.
"It is certainly having quite a bit of turmoil today, though not as much as in the large-cap deals. We are seeing that it is harder to get financing. The financing we are getting today for new deals is certainly at a lower leverage level," he added.
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