Managing in the World of Private Equity: Current Market Conditions

FourBridges Managing Director Andy Stockett recently moderated a panel hosted by the Tennessee Association for Corporate Growth on “Managing in the World of Private Equity.” We had a meaningful discussion on the state of current market conditions, issues pertaining to the transition from a private to public company, changes to expect after a transaction and more. In the coming weeks, we will be posting a series of videos from the panel, each highlighting a different aspect of the conversation.

Here is a little more on the panelists you’ll be hearing from:

  • Bob Farnsworth, CEO, Playcore – Playcore is a multimillion dollar playground equipment company headquartered in Chattanooga with operations throughout the country. Bob has successfully completed ten strategic add-on acquisitions since 2001. Irving Place Capital recently sold the company to Sentinel Capital Partners.
  • Gary Carlson, Regional Director, ATI Physical Therapy, Former CEO of North River Physical Therapy – North River was acquired by ATI in Sept. 2013. ATI operates more than 200 clinics and is a portfolio company of KRG Capital in Denver, CO.
  • Matt Lane, Senior Vice President, Private Equity Firm GenCap America – Matt specializes in the acquisitions and reorganizations of middle-market businesses. He began his career as a CPA, and prior to joining GenCap was Vice President of Investment Banking Division at Bank of America Securities.
  • Daniel Gluck, Vice President of Private Equity, Investment Management Firm York Capital Management – David Joined York Capital’s New York office in 2010 and was previously with the Special Situations Group at Goldman Sachs.

Our first video installment is about current market conditions and private equity activity in the U.S. There are currently 2,797 private equity firms headquartered in the U.S., and 320 U.S. buyout/growth expansion funds are now in the fundraising process. In Q1 of 2014 alone, U.S. private equity funds invested $110 billion and we saw $29 billion in U.S. private equity exits. 

Click the video below to hear what two private equity professionals have to say about today's market.