Lorie Beers, a Managing Director of KPMG Corporate Finance's Special Situations Advisory Group, quoted in Alternative Universe

August 13, 2007

In the August 13, 2007, edition of Alternative Universe, KPMG Corporate Finance had an opportunity to contribute to Marc Raybin's article, "Credit Crunch. Cheap Money is Fading Away, But that Doesn't Mean Private Equity is About to Disappear."

Lorie Beers, a Managing Director of the Special Situations Advisory Group at KPMG Corporate Finance, was interviewed with respect to her thoughts on the decrease of deal flow due to credit restrictions.  

Marc Raybin writes: 

“I think we are in for some interesting times,” says Lorie Beers, a managing director at KPMG Corporate Finance. “What is happening in the credit market will change the dynamic of how these deals get done.”

Beers, who handles distressed mergers and acquisitions as part of her firm’s special situations and advisory group, has been forecasting the credit crunch for some time now.  One of the effects of this credit crunch, she says, is that in addition to firms joining forces in club deals in order to pool their capital and credit together to complete mega transactions, the quality of the club will increase.  Lenders will have to be more selective in their investments while the firms will also have to be more discriminating when it comes to teaming with fellow investors.

About KPMG Corporate Finance LLC

KPMG Corporate Finance LLC is a leading financial adviser serving domestic and international clients. KPMG Corporate Finance offers a full suite of investment banking and advisory services and the experience and depth of knowledge in global M&A and project finance to advise clients on mergers and acquisitions, sales and divestitures, buy-outs, financings, restructurings, fairness opinions, infrastructure project finance and other advisory initiatives. Operating in 51 countries, KPMG's Corporate Finance practice comprises more than 1,800 professionals who are able to meet the needs of KPMG's firms’ clients across the globe. In 2006, KPMG's Corporate Finance practice was ranked the number one financial adviser for completing the highest number of transactions globally (434 deals totaling US$48.9 billion), according to Thomson Financial’s global M&A league tables, and was named global financial adviser of the year by Infrastructure Journal.