Monday, September 24, 2007

M&A bankers deal with something new: idle time

September 20 - Reuters UK - Private equity consultant Jeff Temple and his friend at a major Wall Street investment bank had been used to working well into the evening -- which was why they were surprised to find they weren't too busy to meet for drinks at 5:30 p.m. recently.

Temple, a partner at ProAction Group, typically gets together with the investment banker every few months, and he can't remember the last time they met up before the sun had set.


Still, investment banking floors aren't exactly ghost towns.

Small to midmarket M&A activity is expected to keep up. Corporate buyers are hungry for deals. Large leveraged buyout firms such as Blackstone Group
and Carlyle Group will have to spend their tens of billions somehow, probably in the form of smaller deals. Read More.

No comments: