LETTER: Deals under pressure
Financial acquirers are even more prudent and risk averse now
10 October 2019 - 13:51
The purchasing manager index (PMI) figures released by Absa show a stuttering economy. This, with the fact that Deal Leaders Africa, an M&A advisory firm working with the owners of private businesses, is also seeing a slowdown of international interest in certain industries, is a big concern.
While there are still transactions lined up, lenders and funders are making it very difficult to enable these to conclude. Financial acquirers are even more prudent and risk averse than a few months ago (if that is possible)...
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