Private equity firms scrambling to deploy a wave of dry powder amassed before the Covid-19 crisis has lifted UK takeovers to their highest level in 14 years, reveal new figures released today.
The overall value of deals involving UK companies jumped 10 per cent to $630.8bn this year, the highest print since 2007, according to data from Refinitiv.
British supermarket giant Morrisons was purchased by US private equity giant Clayton, Dubilier & Rice for £7bn this year.
In total, private equity firms launched 781 takeovers targeting British businesses this year, the highest since records began in 1980, worth just over $85bn.
Read more/Source: City A.M.
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