Don't Piss Off A Mid-Market Lender
I moderated a debt markets panel during last week’s Buyouts Texas, and was struck by a comment from Devon Russell, a senior managing director from Madison Capital Funding. He said that while mid-market lenders are slowly increasing their deal volume, they also are shutting out certain equity sponsors who have exhibited bad behavior over the past year. Russell was specifically referring to situation where “everyone knows it’s over,” but the private equity firm nonetheless “stands in the way.” All of the other panelists bobbed their heads in agreement.
19 October 2009•1 min read
