, Columnist
Private Equity Can Lap Up British Businesses Again
UK companies are a lot more affordable for dollar-based funds, and resistance to bids may be less intense
Private equity wants its fill too.
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The stars could be aligning for private equity to launch a fresh shopping spree in the UK. That would see the second half of this year revive the post-Brexit buyout boom that culminated in the £9.8 billion ($12.2 billion) deal for Wm Morrison Supermarkets Plc last October.
Rising valuations eventually ended last year’s British dumpster dive. But sharp falls in the shares of what was already a relatively cheap UK market have seen deal flow creep back up.