Riveron Managing Director Ellen Smith recently spoke with the Dallas Business Journal about how she expects the market’s PE deals and IPO activity to pick up heading into 2024. Visit the Dallas Business Journal for the full article (gated content) or read an abridged excerpt below.
The slowdown in private equity activity has been well-documented. What trends are you seeing right now?
“There is plenty of opportunity out there for everybody.”
The slowdown in private equity activity has been well documented and some attorneys who work with private equity firms have said that due to the high cost of capital, there are fewer big deals happening right now and funds are instead investing their money across several smaller deals. In the interview, Ellen explains in Dallas, some private equities are opportunistic, looking for undervalued, messy clients to acquire, while others want a platform company that is shiny and perfect. Anecdotally, investment bankers have told us that private equity is ready to go and utilize their dry powder.
Ellen then goes on to share that she believes the capital markets are going to open, and people are going to start prepping for IPOs in the second half of the year and into 2024.
Ellen also talks about how the previously announced acquisition by Kohlberg & Company will further enable the Dallas-based firm to continue growing by hiring, expanding to new locations, and deepening relationships with current clients.
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