Economically challenging times offer some companies the opportunity to acquire competitors at attractive prices, as many continue to trade below their long-term value. Companies that have secured access to sufficient financing at an early stage—for example, by taking out a credit line or “hunting line” with their banks for acquisitions—can benefit from this situation. Houlihan Lokey’s Managing Director Johannes Schmittat and Vice President Nicole Leder discuss the benefits of this strategy with Börsen-Zeitung.
View a PDF of the full Börsen-Zeitung article in German.