Barbarians Calling Bonjour To Buyouts
No chance of that. Last year European private-equity funds raised $114 billion, more than double the 2004 figure. This year the number will likely rise to $130 billion. While the biggest deals are still done in the United States experts say Europe is quickly becoming one of private equity’s favorite stomping grounds. Deals are cheaper, and the upside can be much higher. Not only does corporate Europe have more fat to strip, European integration has opened up the possibility for major cross-border mergers and takeovers....