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  "notes": "Page 42 of a Bain & Company report. Discusses PE penetration, market efficiency, and the Bojangles case study.",
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      "text": "The rewards available to PE firms that can spot seams of opportunity that enable them to buy growth potential at a favorable price are evident in Advent International's 2011 acquisition of Bojangles.",
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      "text": "If too much capital in the hands of a growing number of PE funds chasing too few good assets is a classic prescription for inflated acquisition prices, then the US is ground zero for asset-bidding wars.",
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      "text": "A high priority for PE firms aiming to invest in the already deeply penetrated and hyper-competitive US market is the heightened focus they bring to deal sourcing.",
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      "text": "More than ever, for successful PE investment in the competitive market for US assets in the years ahead, the prerequisites will be getting an early edge in the auction process, doing great diligence to home in on winning deals.",
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      "text": "The PE penetration rate is lower among companies with an enterprise value of greater than $500 million... Penetration is also very small among companies valued below $100 million—just 3% of this large group of businesses.",
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      "text": "As more and more global capital seeks refuge in a resurgent US economy, PE investors will need to be on their guard against ever-present bubble risk. Asset prices, already high, will likely go higher.",
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      "text": "Making it in America: Precautions for GPs",
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