Nalco is the One That Got Away, Says Joseph Rice at Yale SOM PE Conference
Increased sector focus of PE firms, todays fundraising climate and impact of Hurricane Sandy and presidential election are among the topics
Some of the topics under discussion at the conference included: the increased sector focus of PE firms, the current fundraising client, the impact of the presidential election on dealmaking, especially in sectors, such as healthcare. After months and even years of uncertainty, the combination of the U.S. Supreme Court’s upholding the Affordable Healthcare Act and President Barack Obama’s reelection bring stability, which is expected to fuel M&A in the sector after years of under-investment, said conference participants.
Mergers & Acquisitions editor-in-chief Mary Kathleen Flynn moderated a morning panel on investing in specific sectors, including financial services, healthcare, energy and transportation and logistics. Panelists included: Alexander Chulack, managing director of General Atlantic; Matthew LeBlanc, principal, ArcLight Capital Partners; Ezra Mehlman, senior associate, Health Enterprise Partners; and Noah Roy, managing director, Greenbriar Equity Group.
David Katz, managing director of Chicago’s GTCR LLC, gave a lunchtime presentation about his company’s investments in the healthcare sector.
“The cost of starting companies has gone down, but the cost of getting customers has stayed the same,” said Maria Gotsch, CEO of Partnership for New York City Fund, on a panel about early-stage venture capital investing that included Kylie Sachs, partner, Ascend Venture Group.
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