In WSJ Pro Private Equity, David Blittner Examines Deal Activity in the First Half of 2018
Co-chair of the private equity group David Blittner is quoted in a WSJ Pro Private Equity article that reports private equity firms again bet heavily on large deals during the first half of 2018, as cheap debt, a steady economy and vast amounts of dry powder outweighed high pricing.
Mr. Blittner discusses lower priced add-on deals to reduce overall high valuations. “Organic growth is a lot harder, so these add-on acquisitions take out costs and increase synergies and cash flows. It’s a little bit more of a hedge against a downturn.”