Entries tagged "DLJ Merchant Banking Partners"
The head of DLJ Merchant Banking Partners, Steven Rattner, is stepping down as chairman of the Credit Suisse Group private equity unit to spend more time with family, ending a 20-year run with the firm. ...
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. ...
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. ...
At The Deal's Fifth Annual Private Capital Symposium Marc Kramer, managing director at Fenway Partners Inc., James Epstein, partner at Pepper Hamilton LLP, and Steven Rattner, managing director at DLJ Merchant Banking Partners, spoke about the middle-market valuations. "I think sellers are understanding that the type of multiples they could sell at in '06 were unprecedented, unrealistic and probably not going to happen again in the near future," Rattner said. "I would say there are still a lot of private equity firms that are sellers in this market, and while their outward communication may be, 'We would like to wait...
