Caution key for buyers of cheap secondary buy-outs
Date: November 25, 2008
LONDON (Reuters) – Specialist buyers of secondary private equity investments are in a perilous business, as bargains now may soon prove to be rip-offs, with a mountain of assets looking set to be dumped on the market.
Perfectly sound second-hand private equity assets can be had for a 30-percent discount and more questionable ones for no money at all, fund-of-funds investors say, but the uncertain outlook makes pricing a hazardous game.
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Source: Reuters
