Why is it a great time to exit an investment?

There are currently a lot of strategic buyers that are active in the marketplace. Because there were so many transactions done before the fiscal cliff in December 2012, there weren't a whole lot of deals available in the first half of 2013. If you had something good to sell, there were a lot of people who were actively looking at it. Deal flow was very slow in the first two quarters but it picked up in July. I think some of it was the hangover of the fiscal cliff and getting past that. But most of the funds I've spoken with have seen a significant uptick in both the volume and quality of deals. The number of deals in the fourth quarter of 2012 was not caused by a normal business cycle. Now that we know what taxes are going to look like over the next several years, people can get back to the normal course of business.

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