US private equity firms Carlyle Group and Warburg Pincus took advantage of recent market gains to pare stakes in two financial companies in deals worth $440 million, a sign of investor wariness about the sustainability of the rally. Buyout firms that invested billions of dollars during the market's boom years before the global financial crisis are widely expected to look for opportunities to cash in their holdings, with more stake sales anticipated in coming months. "We will definitely see more and more exits, perhaps most of the investments that are more than three years old, if the stock market rally continues," said Vikram Utamsingh, head of private equity advisory at KPMG in India.
Source: Business Standard
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