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San Francisco
March 12 (Bloomberg) -- Private-equity firms looking to buy retail and consumer companies said they're now able to finance deals and pay reasonable prices after the credit crisis and global recession triggered a buyout slump.
"It feels like it's a little bit of Goldilocks now," Alex Pellegrini, a New York-based partner with Apax Partners LLP, said yesterday. "It feels just right."
Buyout managers are getting back to business after the global credit crisis that began in 2007 froze them out of buying companies or selling what they owned. About $12.9 billion worth of private-equity deals have been announced in the past three months, compared with $2.5 billion in the same period a year earlier, according to data compiled by Bloomberg.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a1CarvonDlcU&pos=14
