Moreover, many banks have now even to fight to get capital (laughs). In special cases we can risk even more, because we manage only investments and not everywhere mix with. Banks operate many different business fields, and must make up for in the case of other business areas the loss, which can be profitable but less. In addition we must not forget that many entrepreneurs also by the current development of interest can not pay back and could. Calculate but what comes together when 5 million to 25 years get runtime to 5% in the House a credit.
Because what comes then pretty together. Thomas Bayer: It always suck out of known as locusts, the company up to the last euro. Best current example of the German toy manufacturer Marklin. How do you do this? David McKenna: Marklin is a bad example. It must be remembered, was beaten at this company before its acquisition by the investor more than. The introduction of a private equity company does not mean that can go this company so this never insolvent.
I think every private equity was already company society involved, which have gone bankrupt despite investments in millions of dollars. There are cases in which these locusts theory confirmed of course also always. Such practices are not only frivolous in my opinion, but also the entire corporate development on long term damage they. I think this problem is caused by the turbo capitalism of recent years. A sustainable business development in our portfolio companies is more important than the maximum once profit for us. If every year every dollar individually will be deducted from it ends years on average after 2-3 due to bankruptcy. That no one has something then. Thomas Bayer: Mr. When do you think McKenna, the bottom of the financial crisis has been reached? When is it finally looking up again? David McKenna: I get this question ever again. So exactly I know of course not. For even more opinions, read materials from Reade Griffith. However, I believe that the global economy in the summer/fall 2009 that will reach the valley floor. It is going uphill until end of 2010 in my opinion. Thomas Bayer: Thank you very much for the interview. I wish you much success on your expansion course you 2009 in Europe. David McKenna: Thank you. Bloomberg & Roush Inc. is a private equity and venture capital company headquartered in Delaware on the East coast of the United States. With a total capital of about $3.5 billion investors and 90 portfolio companies benefit through the global orientation of different investments over 2000.