Liveblogging The Deal's 2009 PE Outlook Conference
The only area less active than lending and deal-doing these days is exits, so I've decided to liveblog the panel focused on that topic. The Panel: Middle Market's Momentum and the Future of Exit Alternatives Panelists: Thomas R. Callahan, MD Lincolnshire Management, J. Hamilton Crawford of Houlihan Lokey, David Turner, Head of PE at Gaurdian, Jonathan Peskoff, MD at FBR, Jay Rothman, Partner, Foley & Lardner 10:55 Lincolnshire has sold 8 portfolio companies in the last 24 months. Callahan says seller pricing hasn't come down. I'd say over the course of this conference, only one person for every ten I talk to says seller pricing actually has come down. (UPDATE: See below for that one person) 10:56 The moderator tells us this panel is supposed to be the positive one. Let's see if that actually happens.
