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Kimberly Smith Quoted on High Valuations in the Autonomous Driving Industry

Firm News | March 23, 2017

Kimberly Smith, co-chair of Katten's Private Equity group, is quoted in a Law360 article on how valuations for companies in the autonomous driving industry are high, especially given Intel Corp.'s recent $15.3 billion purchase of an automotive technology company. In relation to the Intel deal, she said, "Seeing such a huge sticker price attached to a deal in an emerging market can bring confidence and spur investment from other players. It grabs people’s attention. It causes them to ask a lot of questions: 'What do they know that we don’t? What are we missing and how do we get a piece of the pie?'" ("Intel's $15B Auto Tech Bet Could Spur More Sector Activity," March 23, 2017)

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