The Pulse of Private Equity – 8/6/2018

Strategics are the real barbarians


“Barbarians at the gate” is an idiom that has lived past its shelf life. Classifying PE firms as barbarians implies they can raid and conquer at will. There was a tinge of truth to that in the 80s, but it’s a laughable argument in today’s market. As any investor will tell you, the closest thing to a barbarian these days is an eager strategic buyer.