Fees help private equity edge strategic buyers in auctions

07/26/2007 | New York Times/Dealbook, The

Investment banker Peter J. Solomon says bankers that companies hire to run the sale process have tipped the auction process in favor of private-equity firms. Financial buyers edge strategic buyers because they bring the potential for greater fees to the banks. But recent turmoil in credit markets could reduce those fees and dampen private-equity's edge.

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