ROSEMONT, Ill., March 22 /PRNewswire/ -- Michael Sharkey, President of Cole Taylor Business Capital, participated in a panel of merger and acquisition experts as part of the ACG Capital Connection in Atlanta, Georgia. Attended by more than 1,000 corporate growth and deal making professionals, ACG Atlanta is one of the nation's premier M&A events.
Sharkey's panel discussed the challenges of the current marketplace, focusing on the issues surrounding executing and closing equity transactions. In commenting on what it takes to complete transactions in the current market, Sharkey noted, "Successful deals are deals where the companies were historically profitable and were able to return to profitability or positive cash flow. These companies had solid management teams that were able to react to the downturn. Credit decisions were made based on companies' ability to operate successfully in the current environment."
Sharkey added, "The market in the last eighteen months has been like none other that I've seen in thirty years in this business. While the broad, sweeping nature of the downturn has been extremely difficult for everyone, it has also presented significant opportunities for well-positioned and well-managed companies."
Cole Taylor Business Capital, a division of Cole Taylor Bank, provides creative asset-based financing to middle-market companies throughout the United States, primarily with needs related to acquisitions, dividend recapitalizations, growth, debt restructurings, debtor-in-possession, and turnarounds. Cole Taylor Business Capital is headquartered in Chicago with offices in Atlanta, Baltimore, Houston, Kansas City, Milwaukee and New York City.
About Cole Taylor Bank
Cole Taylor Bank, a subsidiary of Taylor Capital Group, Inc. (Nasdaq: TAYC), is a $4.4 billion Chicago-based commercial bank specializing in serving the banking needs of closely held businesses and the people who own and manage them. Cole Taylor is a member of the FDIC and an Equal Housing Lender.
SOURCE Cole Taylor Bank