RT Journal Article
SR Electronic
T1 There’s Only One Direction and That’s Up: Transportation
and Logistics Companies Expected to Wake After Sleepy Period
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 67
OP 68
DO 10.3905/jpe.2013.16.4.067
VO 16
IS 4
A1 Carlos Ferreira
A1 Vikram Devanga
YR 2013
UL https://pm-research.com/content/16/4/67.abstract
AB Deal volume in the transportation and logistics sector hasn’t been booming in the last few years. Exits in the sector have been declining from 13% of overall exit activity in 2010 to 8% in 1H 2012, and a paltry 4% in 2H 2012. The average exit size has continued to decline from an all-time high of $409 million in 2009 to $173 million in 2012.“Macroeconomic conditions have been tough; commodity prices and consumers’ inability to spend during the recession took a toll on transportation and logistics companies as well as investors in the sector,” says Chad Rash, a Managing Director of Grant Thornton’s Transaction Advisory Services group.TOPICS: Private equity, other real assets, portfolio construction, equity portfolio management