Thursday, September 13, 2007

Private equity is in pause mode, Leech says

September 12 - The Globe & Mail (Canada) - Private equity buyers are adapting to the pricier debt market and there appear to be few people walking away from deals, said Jim Leech, who will take on the chief executive officer role at the Ontario Teachers' Pension Plan on Dec. 1.

Volatility in the credit sector sparked by defaults on high-risk mortgage loans in the United States has dampened the private equity market, but "this is a pause, not a conclusion," Mr. Leech, currently senior vice-president of Teachers' Private Capital, said in a speech in Toronto yesterday. Read More.

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