Andres Saenz quoted in WSJ Pro Private Equity
In “Vemuri’s Take: Private Equity’s Ongoing Obsession With Selling to Peers,” WSJ Pro Private Equity highlights private equity’s practice of selling portfolio companies to other firms.
The article overviews that while peer-to-peer PE transactions are met with some criticism, the trend is unlikely to slow down soon.
EY-Parthenon Managing Director and Co-head of Private Equity Andres Saenz weighed in, noting that private equity firms are willing to pay more for these companies because they have “been de-risked to some degree.”
Andres also highlights that “the process for a secondary deal is ‘very powerful’ because there is high likelihood of the deal closing—the scenario for such deals is that the seller is willing to sell and the investor is willing to commit.”