FTSE 350 companies
may become the target for private equity buyouts by 2008, according to a report
The firm said companies in the FTSE 350 index will generate £198bn of surplus
cash by 2008, an amount that is ‘sure to lure private equity firms unless it is
KPMG said the companies were unlikely to use it to pay down debt, which could
make them more attractive as leveraged buyout targets.
‘Effective balance sheet structuring has never been as important for Plcs as
it is now,’ said David Simpson, a partner in
finance practice. ‘We believe that paying down debt is the least likely
option given that corporates are already conservatively financed.’
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.