Douglas Mavrinac: If Prexit is a game, there is still a ball to be played

If Prexit — the exit of private equity from public shipping company investments — were a baseball game, the process would likely be in the third or fourth of nine innings, a top investment banker reckons.

“We’re in the middle innings,” Jefferies shipping banker Douglas Mavrinac said. “There’s a lot that’s been transacted and a lot more to be transacted.”