GLP deal a sign of the liquid, tech-obsessed times

THE year 2017 had begun with one of the biggest potential deals of all time, a surprise US$143

billion bid for consumer goods giant Unilever by private equity-backed food conglomerate Kraft Heinz.

The deal was quickly scuttled after a flat-out rejection by Unilever, yet it was a harbinger of bullish markets and a world awash with too much money.

Many more such signs are already out there.

Experienced investors have been complaining that good assets are hard to buy. Private equity firms have be…