PEs with deep pockets may be last resort for shipping sector
DBS Group CEO says that bank financing has come under constraint and that raising public equity is challenging
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Singapore
THE troubled maritime, offshore and engineering sector, faced with mounting problems accessing bank financing and the public equity market, may have to fall back on private equity (PE) with deep pockets for new funding.
These are inferences drawn from a SEA Asia 2017 panel discussion of which DBS Group chief executive Piyush Gupta was a participant.
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