President-elect Joe Biden’s proposed tax increases provide incentives for privately held businesses to “sell sooner than later,” says EY’s Bill Casey. “Following a tax rate increase, there would likely be an increase in joint ventures and alliances.”
“The private equity industry welcomes the new administration and is very appreciative of the common sense approach that President- elect Joe Biden is signaling,” Pam Hendrickson, COO, the Riverside Co., says.
Adam Huitt has joined Baird's healthcare group as a managing director. Jeffrey Groves was hired by Raymond James as a managing director where he is focusing private equity. Oliver Thym has joined Thoma Bravo to lead the PE firm's credit platform.