Deals wrap: Targeting healthcare
The healthcare industry is poised for a robust year of dealmaking in 2011 as a wider variety of players from scientific tool makers to hospital companies looks for new growth.
With many buyout firms fighting for survival and others hard-up for fresh funds, there’s an opportunity for investors to reform the private equity model in their favor. They shouldn’t squander it, writes columnist Jeffrey Goldfarb.
For private equity to be successful abroad it will need to leave behind many of its established profit models, writes Steven M. Davidoff in the NYT.
Toronto-Dominion Bank and Bank of Montreal could take a breather from big U.S. buys after two deals in the last week, but Canadian banks will still troll for assets in a recovering U.S. economy. TD’s purchase of Chrysler Financial will open a new avenue of financing for U.S. dealers and could help stoke the still-developing recovery in auto sales.
Equity capital markets bankers are bracing for a busy 2011 during which fund flows into Asia will further cement Hong Kong’s global IPO dominance after a year of blockbuster deals.
Could a Facebook IPO save California? Not likely, but it will give the troubled state a boost, according to a Bloomberg blog.