Michigan companies are becoming increasingly attractive to private equity investors looking to profit from the state's strong talent pool and manufacturing potential.
Private equity firms invested more than $5 billion in 35 Michigan-based companies last year, ranking the state seventh nationwide in such investment, according to a report from Washington, D.C.-based Private Equity Growth Capital Council, an advocacy and resource center for the private equity and growth capital investment industry. The council didn't identify the companies that received investment.
Michigan's ranking, bested only by California, Illinois, New York, Texas, Connecticut and Massachusetts, suggests that the Great Lakes State is pulling through the recession faster than most of the country, said David Brophy, director of the Center for Venture Capital and Private Equity at the University of Michigan's Ross School of Business.
To read the full, original article click on this link: Business | More private equity firms target Michigan | The Detroit News
Author:
Jaclyn Trop
