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M&A upside: private equity
AKRON, OHIO (Jan. 26, 10 a.m. ET) -- After a few years in the wilderness, plastics mergers and acquisitions might be returning to civilization in 2010.
Although raw transaction numbers for 2009 were up vs. 2008, a number of M&A executives interviewed by Plastics News said that distressed deals made up a good portion of the 2009 global total. For 2010, more deals of higher quality should be available.
“There’s going to be more opportunity for both sides of the table heading into 2010,” said Graham Schindler, a director at Houlihan Lokey Financial Advisors in Chicago. “For sellers, there’s more interest in their business, and for buyers, there are more viable businesses available.”
“We expect an increase in non-distressed and quality transactions in the plastics and packaging industries in 2010,” added John Hart, plastics and packaging group director at P&M Corporate Finance LLC in Southfield, Mich. “We believe the positive signs shown in the second half of 2009 will continue in 2010, with the major variables being economic recovery and credit market improvement.”
While working on your debt consolidation, remember to talk about the interest rate. The interest rate is almost the most important part of the deal because it goes a long way to determine how much in cash you actually get to pay back to the credit company. If you are not able to alter that, things might not change all that much. See that you include it. If your credit firm is not willing to lower the interest rate on you loan, your debt consolidation effort has not been successful. Put your back into it and have them see things in your own light. If they persist, you have the option of trying another firm out; after all, there are a lot of them out there that will debt consolidate you in a hurry anytime. The idea behind debt consolidation is to save money over the life of your loan. If you cannot manage that, you have not done too well. Try rethinking your strategy about how you want to package the deal. Sure you cannot be too greedy to save all the merits of it for yourself only; otherwise no credit firm will touch you with a ten-mile pole. Spread the love. If someone makes you an offer for debt consolidation when you don't seem to be able to find any way out of your bad debt situation, take it. Sure, it is just another way to borrow and owe again, but this time you don't owe to as many parties as before. Chances are that you never would have been able to break your debt cycle otherwise anyway. Don't hesitate.
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