Easy Refis Buy PE Firms Time As Hold Periods Stretch

Law360, New York (September 25, 2012, 9:00 PM EDT) -- Open refinancing markets are breathing new life into private equity portfolios once feared stale, experts say, punching back at concerns that the industry is stuck with recession-era duds as hold times drag on.

Over the past year, a choppy initial public offering market and tighter acquisition financing have built up a backlog of companies whose owners are ready to cash out at least some of their investment. But a little financial tap dancing can provide a partial exit strategy to some firms and buy others more...
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