Tim Sims of Pacific Equity Partners, Video 2
Tim Sims, Managing Director of Pacific Equity Partners, applauds vendors for not only turning the corner and selling their assets following a difficult 2009, but also making prices “full and fair” as they begin to reengage, and further discusses why Asia - with all its bells and whistles touting it as a robust investment arena – will not be attracting PEP investments in the near future
Sims further sings praise to the amount of debt that is now available in the Australian market, enabling firms to conduct their necessary transactions and jumpstart the industry for growth. "The truth of the matter is that, throughout this process, debt has been available," he says. "Debt is now more available than it was last year but it's significantly available today. For the space that we're in, which is two-fifty to a billion of enterprise value, there is an adequate amount of debt to do what we need to do."
In addition, Sims says that PEP, as an Australian-focused firm, believes that the only way to fully manage assets is to be present on the ground where daily operations take place. In speaking of international GPs rushing into Asia because they sense the opportunity there, he merely says that a more local understanding of the market is necessary to adequately manage investments, and because of this, "we have no designs and no plans ... to go into Asia at this point."
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