At The Deal's Fifth Annual Private Capital Symposium, Steven Rattner, managing director of DLJ Merchant Banking Partners, explained why it is easier to create value in middle-market companies.
There is a difference in creating value from middle-market deals to large-cap deals, he said. "When you buy a $20 billion market cap company, those companies have their own languages and religions. ... In today's type of markets, where it is about creating value in the companies you own, it is easier to create that value in middle-market companies," Rattner explained.
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