Caution key for buyers of cheap secondary buy-outs
Reuters UK (Free subscription) | 11/25/2008
... a falling knife," said Elaine Small, a partner in charge of secondary private equity operations at Paul Capital, a specialised private equity investor."We would rather pay a full and fair price for companies with (strong) characteristics than get a big discount on a company that's going to go bankrupt," she said.The credit crisis last year put an almost immediate halt to leveraged...
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