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M&A Review - February 2003

The late 1990s witnessed a dramatic increase in small and medium-sized companies going public in an attempt to raise money. Yet the collapse of the public markets has forced these companies' managers to rethink. Dealogic's M&A Review for February 2003 discusses the rise of the public-to-private transaction and assesses the current state of the global M&A market.

Public-to-private deals usually take the form of a leveraged buy-out, where the private equity firm restructures the company and then exits at a higher valuation through an initial public offering, a trade sale or a secondary buy-out. It is becoming far more popular in the current climate as small publicly quoted companies find they are undervalued by the stock markets. 

Copyright © 2003 Dealogic

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Dealogic is the new corporate brand name unifying the global resources of CommScan, Computasoft Syndication, Computasoft Research and the Euromoney joint ventures Capital Data and Capital Net. Dealogic provides global coverage of corporate finance activity and global deal management systems. For more information please visit www.dealogic.com