January 24 - FT.com (U.K.) - The gloom spreading among the biggest private equity firms is misplaced, as the current market turbulence is likely to produce as many deal opportunities as difficulties, according to several of the UK’s smaller buy-out firms.
A stock market slump will cut the price private equity has to pay for companies, said the heads of Dunedin, PPM Capital, Matrix Private Equity Partners and Close Growth Capital.
“The UK is pregnant with value,” said Bill Crossan, head of Close Growth Capital, which targets buy-outs worth £5m-£30m ($9m-$58m). “I have been through three really bad recessions and if I have learnt anything, it is that now is the time to invest.” Read More.
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