Job of the Week: A Mid-Market CLO Challenge

The mid-market is a pricey place to be with private equity valuations shifting towards the higher end of the spectrum, according to a report by GF Data Resources. US Private equity investors in the mid-market are paying significantly higher multiples to acquire larger firms. Aggregate deal valuations in 2011 were 6.1x, up from an average of 5.9x in 2010, cites the report.

Umeco in Talks to Sell Supply Chain Unit

British aerospace parts supplier Umeco Plc is in discussions to sell its supply chain unit, Pattonair, Reuters reported. Lloyds Development Capital, the private equity arm of Lloyds Banking Group, is in talks to acquire the business, Reuters said, citing a report in The Mail. A potential deal is estimated at 200 million pounds ($322.2 million), Reuters wrote.

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