Dow Jones asks Peter Brockway and Michael Moran, Managing Partners of Florida-based Brockway Moran & Partners, for their tips on navigating the private equity market in 2001. Brockway and Moran discuss their strategy of seeking out acquisition opportunities among support services companies, defense-oriented companies and companies in the health and fitness sector, while steering clear of Internet start-ups and the quick IPO pop. The Florida-based private equity firm focuses on middle-market businesses.
Clearly, a lot of options have disappeared. IPOs have disappeared and bank financing is very difficult,” Brockway said. “What we need to do is capitalize on these opportunities,” he said, referring to the private equity market.
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