2006 was a record year for mergers and acquisitions funded by private equity. Will it continue in 2007? We asked Dennis Berman, The Wall Street Journal's Mergers and Acquisitions Reporter who posed the same question in today's paper.
Dennis Berman said "If you look at what happened over the past year – private equity has bought most everything they wanted. It’s just not going to be as easy for these folks in the year ahead. Management might not always wants to go along with the private equity plan and shareholders will be pushing for more and more money."
The bottom line: In 2007, private equity buyouts are going to be, "More complex, a little more bloody and a little more violent."
Dennis Berman's column appears in the Money & Investing section of today's Wall Street Journal.