How Strategic Buyers are Competing in a Changing M&A Market (BofA CapitalEyes)

"How times have changed. "A few years ago, in an auction situation, the seller's investment bank would typically say, 'Here are the strategic buyers,' and almost as an afterthought, 'Here are the financial buyers--we'll never get the same price from them,'" says John LeClaire, chairman of the private-equity practice at Goodwin Procter LLP. Today, private-equity buyers are competing far more aggressively for acquisitions. "