Private equity: Return of the prodigal sum?
A tightening of private equity groups’ credit lines has eased the takeover fear that haunted many boardrooms during last year’s leveraged buyout spree. But the big funds are still in action, and looking for enhanced power through new relationships with fast-growing sovereign wealth funds. And while prepared to pounce on any undervalued assets, they insist they’re supporters – not saboteurs - of strategically minded management.
To read the rest of the article you'll need to log in below
If you've forgotten your details click here for a reminder.
If you haven't got an account, it's free and it only takes a minute to set one up,
click here to register
- login or register to post comments
- Add to a social bookmarking site
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more