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SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

3Qs With...

Bob Baltimore, managing director, Harris Williams & Co.

Why do you predict a longer lull than usual for the start of 2013?

Things will start off a little bit slower because of the uncertainty associated with the political and economic environment. Once that's resolved, deal flow is going to be pretty good. It's hard for folks to make decisions today, not knowing what all the rules are. For 2012 we have a great backlog and we're happy with the opportunities, but deals will pick up closer to the midpoint of Q1.

What is your prediction for 2013, in general compared with recent years?

Credit markets have been very strong, and we don't see anything that would cause us to say they're going to get weak. They'll probably continue to stay strong. The strategic buyer universe, as the macro economy continues to improve, will get more excited about transactions. It's similar for private equity. A tremendous amount of dry powder needs to be put to work.

What's your recap of dealmaking activity in 2012?

The macro side was down, but we've had a great year. We've closed 40 percent more deals than this time in 2011. I think 2013 will be a strong year as well. What weighs on our mind for 2013 is that pipeline, so it's just an additive component to feeling good about the credit markets.


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