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Saturday, September 02, 2006
The private equity wave that I wrote about is beginning to be felt visibly.I was just speaking to a very senior industry executive a few hours back after my long travel and the common thread of the discussions were about how private equity investors are seriously looking at acquiring undervalued companies. Here comes the announcement that Intergraph is being acquired by an investor group led by Hellman & Friedman LLC and Texas Pacific Group in a transaction valued at around 1.3 Billion, approximately 3X sales. Intergraph apparently brought in their CEO Halsey Wise to increase shareholder value, settle the intellectual property law suits, and dress up the company to be attractive for takeover.
Category :Private Equity, Emerging Trends |
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