Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to private equity players flush with unspent funds of nearly a trillion dollars
The companies in discussion are largely small- to mid-sized, making them achievable targets, as opposed to firms listed on the FTSE 100. Market analysts believe higher interest rates may not be a wall high enough to halt PE dealmaking entirely in the UK.One of the contributing factors for PE firms' abundance of cash, or "dry powder", is the continued buildup of uninvested capital during the pandemic, according to fund managers.
"Private equity houses have had reasonably strong balance sheets through COVID in the past 2 to 3 years. So, there is money in the system looking for returns," said Richard Bullas, portfolio manager for Martin Currie UK Equity team with Franklin Templeton.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Redo of federal plane evacuation tests sought as passengers squeeze into smaller spacesCongress is looking into just how quickly airline passengers can evacuate a plane during an emergency.
Read more »
Granderson: When even Chick-fil-A is angering the right, no company is safeThe PR fiascoes of the Dodgers, Target and Bud Light have all shown there's no neutral position in today's culture wars.
Read more »
Reds look to even home series against BrewersThe National League Central-leading Milwaukee Brewers look to build on the momentum from Friday's dramatic 11-inning win when they visit the upstart Cincinnati Reds on Saturday in the second of a four-game set.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Saturday, Despite Recent Bullish Signals – Market Updates Bitcoin NewsBitcoin started the weekend in the red, as markets continued to digest the latest nonfarm payrolls in the United States.
Read more »
Even the cheapest Tesla Model 3 now qualifies for the full $7,500 tax credit | EngadgetIf you're buying a Tesla Model 3 in the US, you can now get the maximum possible federal tax credit of $7,500 no matter what make you're getting..
Read more »
Flying Is About to Get Even More Frustrating—but There’s a Way OutThe first step is empowering passengers.
Read more »