Finews: Credit Suisse Rides the Trend

Read the full article on finews.com.

Excerpt:

A year ago, IPOs were abundant, but the window has for the most part largely closed. Spinoffs are increasingly moving into the spotlight.

A nasty market environment is taking its toll on investment banks and rating agencies as seen from a lack of IPOs as tight credit markets are limiting transaction activity. Another fly in the ointment is that as private equity becomes more «democratized,» increasingly more companies are opting to partner with private equity firms to help them expand. 

Despite the adversity, there are bright spots. For example, Credit Suisse is riding a trend right now with its planned spinoff from CS First Boston. Spin-offs are becoming the new Initial Public Offerings (IPOs) on Wall Street.