PEIÂ asked The Lucas Group founder for his thoughts on market competitiveness given the triple threat of high valuations, inflation and tax uncertainty.
As the dust begins to settle from covid-19's immediate fallout, GPs and mid-market businesses are considering longer-term implications and opportunities.
A tougher deal environment has made it challenging to consummate deals, and the quarter was a ‘low watermark’ for realisations, said co-chief executive Kewsong Lee.
The co-CEO has led the firm alongside Charles Kaye since 2000, growing its assets more than fourfold while remaining a pure-play private equity player.
The auction process is not as chaotic as it may at first seem – nor are strategics always the most persistent buyers, says Houlihan Lokey's Justin Abelow.