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Dealership MandA market cools following Soros buzz
2015-06-08 13:34:06| Auto Dealers - Topix.net
When representatives of Wall Street financier George Soros told dealers in January at the National Automobile Dealers Association convention that the billionaire's family fund wanted to buy dealerships, it prompted a flurry of speculation that private-equity money and wealthy families' funds would open their fat wallets and inflate buy-sell prices. "What we're seeing is a cooling off of the M&A market in terms of private equity and family funds," says Mark Johnson, president of buy-sell advisory firm MD Johnson Inc. in Seattle.
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Category:Automotive
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