Private equity executives seek deals amid turmoil
Date: October 28, 2008
By Megan Davies and Ola Galal
DUBAI (Reuters) – Private equity bosses expect the financial crisis to get worse before it gets better, with soaring borrowing costs and stress in their portfolio companies the big concerns.
The credit crisis and turmoil of the past week have been the latest piece of bad news for a private equity sector already hit hard by the year-long shutdown in financing. Many executives say they are finding it tough to get or afford debt for deals, although they remain enthusiastic about the opportunities to invest.
For the full article in Reuters, click here.
Source: Reuters
