Giants move in on smaller buyouts

rOctober 10 - Telegraph (U.K.) - When Jeff Montgomery's private equity house GMT Communications cast its eye over a small Latvian telecommunications firm recently, it found itself in unlikely company.

The deal was small – requiring around €150m of equity – but among the players was Blackstone, the US private equity giant which eventually won the auction.

Go back a few months and it would have been remarkable to see a major player chasing such a deal – Blackstone has become famous for pursuing buyouts in the many billions of dollars – but, in today's climate, it is the mid-caps that are attracting all the attention. Read More.