Private Equity Market is Hungry for Acquisitions, Dennis "Chuck" Erwin '81 Tells Indianapolis Star
June 16, 2006
June 16, 2006, Greencastle, Ind. - "Dennis Erwin sells companies for a living. He has done mergers and acquisitions for years, and lately he has noticed a trend that takes him back to the late 1980s," begins a column in the Indianapolis Star on Erwin, a 1981 graduate of DePauw University, who is known to his friends as "Chuck."
"I call it rational exuberance," Erwin tells the newspaper. "There are a lot of people buying companies." The Star's John Ketzenberg adds, "Big private equity firms and even the government are brimming with cash, looking for deals. That means a lot of longtime business owners may be poised to cash out. With more money, the companies could grow, securing a lot of jobs. These days Erwin is a managing director for Chicago-based Christman Group, scouring Indiana for companies that need new capital, new management or new owners."
"There are two times when I thought the market was really a seller's market," Erwin adds -- after the stock market collapsed in the fall of 1987, and today. "I say it's rational now because there's a lot more equity in the deals," he adds.
Read the complete article at the newspaper's Web site.Back