'Emerging buyers' flex deal-making muscle, bypass private equity
New York
FOR decades, the buyers in some of the largest deals had come in three forms: private equity firms, corporations and public-market investors.
But over the past few years, a new group of buyers has sprung up: Sovereign wealth funds, pension funds and even private families have flexed their deal-making muscles. As interest rates hover near zero (and in many parts of the world, below zero), these investors, with trillions of dollars in their war chests, have taken it on themselves to buy pieces of companies, or in some cases, the entire thing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UOB awards Wong Kan Seng over S$400,000 in shares
Singapore eyes giving law enforcement agencies more power to probe money laundering offences
Seventh money laundering accused to plead guilty on May 23
DBS hires chief of Ping An’s tech group to be its new chief information officer
Indian banks to step up IT spends as regulatory scrutiny rises
Swedish central bank lowers key rate, sees two more cuts this year