Because the market was so high about a decade ago--dividend yields got down to about 1% and PE got up to almost 40 times--as I say in my book and as I said in the speech I gave at Princeton called "Don't Count On It, " if you think the stock market is going to give a positive return in the next decade, don't count on it.
For another, sell-side bankers say screening activity has been strong all through the summer, suggesting that more PE deals will crop up in September and October.
The PE firm will end up with a minority stake in Dell, while Michael Dell, who rolled over his 14 percent stake in the company and forked over extra cash from his venture capital firm MSD Capital, will own the majority.
FORBES: Dell Unique Among Mega-LBOs; Silver Lake Takes Back Seat
For activity to pick up this year, PE funds would need to see stronger economic growth ahead.
My guess is he joins up with Silver Lake or some similiar PE firm before Halloween.
Even after this run up, Qualcomm trades at a Forward PE (fye Sep 2013) of 16.46.
Private equity (PE) deal makers should see a healthy supply of attractive assets come up for sale this year.
Economic uncertainty still looms, and could easily derail PE deal recovery, but the fundamentals look positive and demand is picking up.
Pe'Shon Howard's free throw with 5:47 left put Maryland up 65-52.
It looks as if it'll sell the unit to a private equity group made up of former executives, but there's a catch--the PE fund wants to leave the pension obligations behind.
It suggests the Games inspired more than half of children to take up a new sport, but 80% of parents say the amount of PE and games in UK schools has not increased.
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