Entries tagged "Austin Ventures"
Folks in the oil patch are wondering what's going to become of CIT Energy, a unit of troubled CIT Group.
Speaking at Jordan Edmiston Group Inc.'s Growth Conference at the Four Seasons hotel in New York on Thursday, Jeffrey Stevenson, managing partner and co-chief executive officer of media buyout firm Veronis Suhler Stevenson, said, "Three is the new six." Stevenson was referring to the leverage multiples on private equity buyouts, as already-taut credit markets cinched even tighter in recent months. ...