Political boffin, keen fisherman looking forward to retirement.

Wednesday, March 7, 2007

Private equity Firms - There May be Trouble Ahead

The Guardian reports today that a string of corporate private equity deals are expected to collapse during the next financial year. Insolvency experts Ernst & Young have concluded that the complexity of deals and the timing of repayments will undermine companies that under previous ownership structures (ie the non asset stripping kind) might well have survived.

No wonder so many big players in the industry are pouring massive sums into the Labour party. More tax breaks might just be the order of the day!!

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