Critics Deny Collusion Among Private Equity Firms

Law360, New York (November 14, 2006, 12:00 AM EST) -- The U.S. Department of Justice’s widening informal inquiry in recent months as to possible anti-competitive practices in the private equity industry has many financial firms looking over their shoulders. But not everyone agrees that there is cause for concern.

One such naysayer is Harold Bogle, the global head of private equity coverage in the investment banking division at Credit Suisse Group. On Monday, Bogle told Reuters that despite the DOJ’s bumped-up scrutiny of the issue, auctions involving private equity firms are “extremely competitive” and bid-rigging in...
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