As failed adviser led deals mount, boutiques ask for discrimination from finger-pointing banks
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Equity

As failed adviser led deals mount, boutiques ask for discrimination from finger-pointing banks

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When private equity firms disposed of part of their stake in Saga through a listing in May, the decision to hire an independent financial adviser became the flash point in a perennial battle. But as banks and advisers yet again become polarised on and irritated with IPO processes much of the nuance of an important argument is being lost, say market participants on both sides.

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