Volatile UK politics worry M&A and PE executives

Brexit_Alamy_230x150_21Nov19
By Karoliina Liimatainen
11 Dec 2019

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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