Buyouts shops buying from one another

According to a report in the WSJ, yes it's true that M&A activity is up these days, but.  But, it looks like 60% of the LBOs are private equity firms buying and selling portfolio firms to each other.  That's good for law firms and that's good for PE firms looking to liquidate older funds and get cash back to investors who can invest it in newer funds who are buying the firms from the older funds... But, that's about it...

 

-bjmq