The total value of management buy-outs has plummeted, according to a survey released this week by teh Centre for Management Buy Our Research.
Sponsored by Deloitte & Touche and Barclays Private Equity, it showed #4.5bn of buyouts were completed in the third quarter of 2001, half the value achieved for the same period last year.
According to Paul Zimmerman, Deloitte’s advisory services partner, the larger deals have stalled. He said: ‘While it’s too early to predict the medium and longer-term consequences of the US attacks, in the short-term larger, international deals may be put on hold.’
But Zimmerman said the mid-market – deals valued at between #10m and #100m – would be affected less. ‘The buy-out dip last quarter may become more pronounced but is unlikely to go into free-fall.’
Flotation pipeline empty www.accountancy age. com/Business/1125436.
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