News Formal

Private equity industry frets as market turmoil bites

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Cash-rich buyout funds are set to face higher financing costs to get their deals to the finishing line

Berlin — Private equity investors gathered in Berlin at their annual get-together are fretting a season of record buyouts is drawing to a close after a week of market turmoil and recession fears as central banks across Europe have hiked interest rates.“Things will get worse before they get better,” Marcus Brennecke, global co-head private equity at EQT, told Reuters at the SuperReturn International conference.

But the momentum has slowed and the pipeline of new investments is facing headwinds as galloping inflation blows valuations wide apart. Dealmakers do not anticipate a tremendous amount of activity before the end of the year as companies need time to digest conditions and take stock.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Drag in Cape Town: Bay Harbour Market does its bitDrag in Cape Town: Bay Harbour Market does its bit As performers begin to pick up the pieces there is a appreciation for the new venues that have opened their doors to queer artists and supported drag in Cape Town.
Source: TheSAnews - 🏆 25. / 59 Read more »