The Hot Trend in PE… Plumbing???

The titans of finance are now courting plumbers and electricians… Yes, you heard that right. Now that the cost of capital (debt) has gone up, ‘going big’ in the PE world has given way to ‘going small’.

While mega deal activity has dried up, private equity dealmaking with smaller ‘mom and pop’ founder-led businesses has increased dramatically. This dynamic is detailed today in the attached Bloomberg article.