You are viewing just a glimpse of the 100+ pieces of sophisticated insight and analysis produced by our full-time team of senior financial journalists every day. For full access, check to see if your firm has a license to The Deal Pipeline or login using your existing credentials.
Know your ID?
Username:
 
Password:
Go

Subscriber Content Preview | Request a free trialSearch  
  Go

Video

Share  |  Discuss  |  Reprint

Private Capital Symposium: Middle Market valuations

Published June 19, 2008 at 3:39 PM
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 until the market strengthens and there is more liquidity,' I think the honest perspective is, 'We would be willing to take a little less in this environment then we would have maybe 12 months ago,' " Kramer said.

See more posts from The Private Capital Symposium.
Share:
blog comments powered by Disqus

Free preview

This is only a preview of The Deal's sophisticated coverage. Explore the real-time intelligence as researched and reported on by our team of financial journalists with a license to The Deal Pipeline. Click here for more information.

Meet the journalists



Movers & Shakers

Launch Movers and shakers slideshow

Leezie Kim is rejoining the Phoenix office of Quarles & Brady LLP as a partner. She will continue her corporate transactions practice. For other updates launch today's Movers & shakers slideshow.

Video

Dechert's Nassau on midmarket PE fund strategies

Dechert's Henry Nassau at the 18th annual Wharton Private Equity and Venture Capital Conference tells The Deal Pipeline how to shine in the middle market. More video

Sectors