Since the credit crisis began everyone has been wondering what kinds of buyers would step in to replace the enormous hole left by private equity firms. First, we heard that strategic buyers would become more important now that they lacked competition from private equity firms. The only problem with this, is that it takes for [...]
A diamond is forever even if it spends years in a drawer only to periodically emerge for moments of brilliance. Business cycles continue but the existence/relevance of private equity should not be doubted. This downturn will pass and private equity will come roaring back with the largest war chest it has ever possessed and more [...]
4 Mar 2008 - Take a look at this excerpt from a piece on Deal Journal.
Today at a Morgan Stanley Technology Conference, Microsoft finance chief Chris Liddell brought up, completely voluntarily, the company’s bid for Yahoo. Here is the conversation between Liddell and Morgan Stanley technology analyst Mary Meeker, from an SEC filing: [...]