Wayne Kawarabayashi is a Partner, Chief Operating Officer and Head of Mergers & Acquisitions at Union Square Advisors. Prior to joining the firm, Mr. Kawarabayashi was a Managing Director in both the Global Mergers and Acquisitions and Global Technology groups at Barclays and Lehman Brothers (which was acquired by Barclays in 2008) working in both New York and London since 1993.
In particular, the slowdown may have been related to the very high stock multiples attached to companies working in cloud-based computing, and applications software meant to be used in cloud-based systems. No one wants to be the [buyer] that jumps the shark. But on the flip side, there is so much capital out there.