PE Market Is Very Active Right Now, Ropes & Gray's Vardi Says

The transcript discusses the trend of private equity teaming up with activism, highlighting how this strategy is beneficial in accessing new market opportunities. It explores the challenges faced by traditional private equity deals and how firms are adopting a long-term view to acquisitions, especially in struggling companies. The discussion also touches on the current market cycle, the active state of private equity, and the discipline maintained in investments. Finally, it examines sector-specific opportunities and the successful buy-and-build strategy employed by private equity sponsors.

What sectors have seen significant increases in multiples according to the text?

What is the 'buy and build' strategy mentioned in the context of private equity?