With Attractive Equity Raises for small-caps and private entities poised to remain challenging, debt structures will continue to evolve to help fill the financing needs

Although equity for major transactions ($500 million and up in enterprise value) has clearly become more abundant in recent months…resulting in materially higher multiples for acquisitions in this space…equity raises with attractive terms for smaller transactions and for Micro-caps and private entities in general has remained challenging. There is a strong likelihood this trend will continue, at least in general, for a number of years ahead, with exceptions for specific sectors and specialized deals, for example raising equity for cloud computing firms in the first six months of 2011 has been less problematic than with other sectors.