Monday, December 03, 2007

Credit crunch to hit 'big ticket' mergers

December 2 - Scotsman.com - Big private equity deals such as the recent £11.1bn buy-out of Alliance Boots, the pharmaceutical giant, are set to dry up next year, according to the latest research from Deloitte.

After a record start to 2007, the value of private equity transactions has taken a tumble as the turmoil in the credit markets has led to banks becoming less willing to lend.

With the effects of the credit crunch expected to continue well into the New Year, the number of "big ticket" private equity deals such as Terra Firma's recent £2.4bn takeover of record label EMI will be few and far between, the accountancy firm says. Read More.

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