Investors are likely to sell out of about $140bn (£91bn) worth of private
equity investments, or 10% of the market value, in the next 18 months, a buy-out
David de Weese, partner at buyout firm
Paul Capital, told the
Financial Times many would sustain losses by doing so, including
pension funds, endowments, banks and insurance companies which were motivated to
sell down their private equity portfolios at a time when their value was
falling, driven further down by the mark-to-market accountancy rules.
De Weese predicted ‘motivated sellers’ would quit $130bn to $140bn worth of
equity investments in the US and EU over next 18-24 months.
Other industry analysts foresee a higher figure. Private equity sellers have
in the last months gained only about 50 cents in the dollar on the value of
their investments, according to a report by investment bank
Partners, commpared with more than $1 last year and 84 cents in the first
half of this year.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.