San Francisco Daily Journal Quotes Howard Glazer on Rise in Mid-Size Deals for California Firms

San Francisco-based private equity partner Howard Glazer is quoted in an article titled “Smaller Deals Fuel State’s Firms” published in the Jan. 13 issue of the San Francisco Daily Journal. The article reports on the recent increase in mid-size private equity deals for California firms. Glazer comments, “Ropes & Gray opened an office in the Bay Area a decade ago, and the growing prominence of the private equity community puts it in the top four private equity markets in the country – along with New York City, Chicago and Boston.”

Glazer adds “Middle-market deals have several advantages over large deals right now. For instance, large buyouts need several banks to lend billions of dollars. Overall market and political uncertainty make it more difficult for buyers and sellers to come to an agreement on price. In the middle market, it’s easier to get over that. You can have earn-outs and they’re almost all private transactions.”