Fifteen years ago, Moody's analyst Charlie O'Shea was giving a talk at a conference when he mentioned having worked with private equity in his previous career in the banking world. Someone in the room asked him about the acquisition potential in retail.
"I said, 'You know … there's roughly $150 billion lying fallow in private equity funds right now,'" O'Shea told Retail Dive, recalling his 2003 talk. "'My guess is, we're going to see heightened activity, because this money has to be deployed somewhere." Soon after, the retail industry started to see an "explosion of buyout activity," he said.. . . more