Monday, September 24, 2007

Evercore's Altman says private equity will return

September 20 - Reuters - Down but not out, private equity will return to drive deals after a period of hesitation, Evercore Partners Inc. Chairman Roger Altman said on Thursday.

"We're going to see plenty of private equity transactions once a degree of stability returns," Altman said at the Dow Jones Private Equity Conference here. "Private equity will return in a different way."

The next round of buyouts will be more cautious and at lower prices, as they will employ less leverage and take into account the potential for a recession, Altman added. Read More.

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