Volatile UK politics worry M&A and PE executives
Increasingly divisive and unpredictable UK politics is threatening the favourable conditions on which private equity firms and the leveraged finance industry have relied during the post-crisis years. Most levfin bankers and PE partners breathed a great sigh of relief on Friday morning, when the risk of a Jeremy Corbyn-led government dissipated and no deal Brexit became far-fetched — but uncertainty over Brexit remains. Karoliina Liimatainen reports.
This year has been a strong one for private equity takeovers in the UK, including buy-outs of Merlin Entertainments, Cobham and Inmarsat. The mother of all buyouts, the Walgreens-Boots deal by KKR, is still at the planning stage.Thursday's general election threatened to ruin the party, but, in the ...
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