Larry DeAngelo, Managing Director and Head of Houlihan Lokey’s Business Services Group, spoke with Middle Market Growth to offer his perspectives on what’s driving financial sponsor interest for new deal activity.
He told the publication how sponsors are looking at a wider variety of deal types and options. “We’re seeing more interest in minority stakes over a full sale, or investors may make an investment of a certain size to keep it within their existing credit facility,” said Mr. DeAngelo. “These shifts are a response to tighter liquidity today and a softening of business conditions seen in the third and fourth quarters of last year.”
Read the full article on Middle Market Growth’s site.