Tuesday, July 29, 2008

In-Bound Acquisitions of US Companies - Private Equity Losing Deals to Foreign Strategic Buyers?

Here is an example of how Apollo lost a deal to buy a GE unit - to foreign buyers. The video clip offers a flavor for how foreign buyers can afford to pay more, of course in part due to the weak dollar. The legendary dealmakers Bruce Wasserstein and Martin Lipton make a minor contribution to Leon Black's comments.