Alan Litwack Quoted by Lexpert on the Rise of Private Equity

Alan Litwack (Partner, Toronto) was recently quoted by Lexpert for an article called “The rise of private equity,” analyzing the last 5-10 years of growth seen in the private equity market. As both family offices and private equity funds have grown in recent years, private equity funds, in which lawyers are heavily involved, are giving the public markets a run for their money. 

Particularly in the U.S., “it’s getting harder to get valuations” in the public market, Alan told the publication, noting that Uber’s market valuation is down “billions,” and Lyft’s as well. “Investors are far more critical in their analysis of companies doing IPOs” now, he says. And, it’s “far cheaper to do a deal with a private equity fund or another buyer then it is to do an IPO,” including in underwriting fees.