Plentiful venture capital drives up price tag of deals

Business owners looking to cash out may hit pay dirt this year. Ditto for wide-eyed, would-be entrepreneurs seeking start-up capital. "There is a lot of equity capital looking to be put to work," says David Given, president of Key Equity Partners, the venture arm of KeyCorp. "It is th...

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Bibliographic Details
Published in:Crain's Cleveland business 1995-03, Vol.16 (13), p.15
Main Author: King, Michael L
Format: Article
Language:English
Subjects:
Entrepreneurs
Equity
Institutional investments
Investments
North Central
Startups
Trends
Venture capital
Venture capital companies
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Summary:Business owners looking to cash out may hit pay dirt this year. Ditto for wide-eyed, would-be entrepreneurs seeking start-up capital. "There is a lot of equity capital looking to be put to work," says David Given, president of Key Equity Partners, the venture arm of KeyCorp. "It is the same phenomenon as with lending institutions. More lenders are more aggressive in their lending parameters." This flurry of activity means venture capital firms are paying about 25% more than they were two years ago as they look to invest in mature companies through leveraged buy-outs. (excerpt)
ISSN:0197-2375
1931-3993