The debt effect
The challenges that banks and other lending institutions continue to sort through have substantially impacted private equity deal-making.With very little leverage available, private equity deal-making came close to a standstill last year. In 2009, U.S. deal value hit its lowest level since 2001.
However, a recovery is underway, and many banks have begun to lend again, albeit cautiously. In addition, an increasing number of distressed deals are expected to come down the pike.
Grant Thornton’s latest white paper, The debt effect, analyzes data from the Association for Corporate Growth and other industry sources and provides insights for the year ahead. Learn more about what dealmakers can expect from lenders in 2010 and how they can thrive in this new environment.
See related documents below for other white papers on private equity.
Related documents
Private equity in the post-boom era: What’s next? (510 KB) The credit crisis and the U.S. recession significantly altered the private equity industry: Exit opportunities, fundraising and deal making have all changed dramatically. This white paper, produced by Grant Thornton LLP and the Association of Corporate Growth, explores liquidity opportunities and the fundraising market in the post boom era.
Navigating your portfolio through turbulent waters (Summer 2009) (562 KB) Private equity firms and their portfolio companies are experiencing some of the toughest conditions since the industry’s inception. How is it possible to navigate in these treacherous times? This white paper explores the current state of private equity firms’ portfolio companies, examines some of the most prevalent practices for helping them in this difficult economy, and offers best-practices prescriptions for success.
Top trends in middle-market private equity (Fall 2008) (930 KB) Grant Thornton, the Association for Corporate Growth (ACG) and NASDAQ explore seven trends that have recently altered the way the private equity community conducts business. The white paper gives readers a better understanding of where the middle market is today, how it got there and where it is heading.
Bridging the global, cross-border transaction gap: What more middle- market dealmakers need to know about global M&A (Fall 2007) (3,563 KB) This white paper, developed by Grant Thornton LLP in conjunction with the Association for Corporate Growth, analyzes how U.S. mid-market corporate executives and merger professionals are looking to aggressively target cross-border acquisitions, and includes tips on what companies should look out for in various regions. The trend towards increased cross-border acquisitions seems unlikely to be reversed by recent speed bumps in the debt markets or the economy as a whole.
Crossing the line: The growing convergence of private equity and hedge funds (Fall 2006) In October of 2006, Grant Thornton and the Association for Corporate Growth (ACG), released Crossing the line: The Growing Convergence of private equity and hedge funds.This white paper reveals a blurring of the line between private equity and hedge funds, driven primarily by hedge funds seeking higher returns, more capital to manage and diversification of risk.
