Buyout firms seek Spanish route to Latin America

Even though there is opportunity for private equity firms to take advantage of the Spanish financial crisis, Bain & Company partner Emilio Domingo points out that "we have not seen any fire sales from savings and loan companies." This is because there was a "wide gulf between what sellers expected and buyers were prepared to pay" in M&A deals in 2012. Though, Domingo believes that 2013 will be a better year "because some of those seller expectations are coming down, and some buyers have understood that the fire sale is not happening."