Private equity data/tools leader, SPS (a unit of PE and M&A consulting giant, Bain & Co. and its affiliate Bain Capital) recently noted, “Sponsors can’t get enough of the consolidation play.” In a recent research study, SPS/Bain and leading PE journalist, David Toll, looked to veteran banker David Deutsch (“whose firm specializes in structured, negotiated company sales and board advisory”) for insight on the the rise of consolidations from a once-niche PE strategy to the most ubiquitous PE strategy of today. In its report, SPS/Bain cited Deutsch’s observation of growth in “practiced acquirers” and related development of sophisticated “originations” teams as the key drivers of this trend.
