August 30 - TwinCities.com - Not everyone is stressed about the credit crunch. Reid MacDonald might even go so far as to say he's a little excited about it.
The CEO of Minneapolis-based Faribault Foods says he thinks small companies like his that are looking to make acquisitions will benefit from the new credit environment because they'll be better able to compete for deals.
As lenders pull back on financing, the private-equity firms that have been snapping up companies at record prices could be forced to pull back on highly leveraged deals. As they do so, the prices they pay for their acquisitions likely will come down, finance experts say.
That's good news for strategic buyers like Faribault Foods, which has been outbid by private-equity firms on at least a handful of deals in recent years. Read More.
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