AXIOS April 1, 2020
Private equity is still working on opportunistic deals when it can get a break from portfolio triage, but it’s also boarding up the exits amid new questions about the speed of the coronavirus recovery.
The state of play: Sale processes are being shelved daily, even ones that already launched with investment bankers, data rooms, and interested suitors.
Within the past 24 hours:
- KKR ended its efforts to sell Goodpack, a Singapore-based bulk container maker that was expected to fetch at least $2 billion, per Reuters.
- EQT Partners suspended the auction for IFS, a Swedish ERP software company that had been expected to fetch more than €3 billion, per Bloomberg.
- Bridgepoint stopped the sale process for Portuguese agrochemical company Rovensa,...
Today's Sponsors
Today's Sponsor