Foley Partner Daljit Doogal was quoted in an article that appeared in Crain’s Detroit Business on June 19, 2011 titled “Back in the Game: Private Equity Returns — for Businesses Willing to Give Up Stakes.” Doogal discusses the increase of mergers and acquisitions fueled by private equity firms eager to return to brisk deal making and by banks who have returned to funding M&A deals. He states that many local private equity companies who had previously been sitting on the sideline during the economic downturn are now willing to get back into the market, adding that these companies need to invest in order to return profits to their investors.
