M&A Disrupts Summers for PE Execs and Bankers

It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones. One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!). Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said.

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