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Private Equity, Banking M&A Boom Goes On

Thursday, 3 May 2007 | 2:13 PM ET

"You can't imagine" the extent of the private-equity boom, says Fred Price, managing partner and principal at Sandler O'Neill. Price joined a special edition of "Power Lunch: Live at the Links" to talk about private equity and banking mergers -- neither of which shows any signs of slowing.

What's Driving Deals?
Discussing the banking and financial industries, with Fred Price, Sandler O'Neill managing principal, and CNBC's Bill Griffeth

At the "UBS 17th Hole Challenge" in Rockefeller Plaza Thursday, Price told CNBC's Bill Griffeth that banking M&A hasn't decreased. What has slowed, he said, is the sector's equity appreciation. He noted that in the first quarter, "S&P and Nasdaq financials were down basically 5%" -- due to margin pressures and "lingering concern about credit." But, he said, these stimuli ended up creating an "even more active M&A environment."

"In the financial services sector, M&A is going to stay high," he said.

Price said Sandler has increased its "significant" business serving private-equity firms: "You can't imagine the activity going on" in the private realm, he said. "I don't think there's any slowdown in private equity growth -- it's got quite a run ahead," Price declared.

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  • Sue Herera is a founding member of CNBC, helping to launch the network in 1989. She is co-anchor of "Power Lunch."

  • Tyler Mathisen co-anchors CNBC's "Power Lunch." Mathisen also co-anchors "Nightly Business Report produced by CNBC."

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Kenny Polcari