PRINT THIS PAGE The banking market for leveraged buy-outs - seeds of hope
30/07/2002. Source:Ernst & Young.
There has been continued equity market weakness in the US and Europe in recent months, with investors increasingly cautious following accounting concerns, political issues and fears over the pace of economic recovery. Ernst & Young discuss how this has undermined the LBO market and resulted in a shortage of completed transactions, although a few signs of renewed optimism are beginning to show.
Quarter 1 2002 was very quiet on the completed deal front although there has been an increase in activity in April and May. This is not likely to manifest itself as a recovery until at least the end of the year due to lengthening lead times and a more exhaustive due diligence process. The future looks a little rosier, but there is still a long way to go.
Copyright © 2002 Ernst & Young
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