Can Private Equity Save the Financial Markets?
Date: October 28, 2008
Walkers, the global offshore law firm of choice for companies, financial organizations, and international law firms, has seen an increased interest from the private equity industry in distressed assets, particularly banks and financial companies. Private equity has a demonstrated ability to take on risk, improve efficiencies and profitability, and turn companies around. These qualities make private equity a desirable partner for banks and institutions in the struggling financial sector. In the past 12 months, private equity firms have bought US$20-30 billion of leveraged loans from international banks including Royal Bank of Scotland, Credit Suisse, and Deutsche Bank.
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Source: Reuters
